The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis….
The application for PTCL acquisition of Telenor remains under review by the Competition Commission of Pakistan (CCP). This ongoing assessment underscores the importance of transparent and competitive practices in the telecom sector, aligning with global standards for fair market competition. The review process for PTCL acquisition of Telenor continues, with the CCP meticulously evaluating various aspects of…
Telenor Group today announces the sale of its Pakistan telco operations to Pakistan Telecommunications Company Ltd (“PTCL”), which is part of technology and investment group e&. PTCL’s major assets include Ufone, a mobile operator in Pakistan with over 20 million customers. The sale is part of Telenor’s strategy to build scale and market-leading players in…
