The Pakistan Competition Commission (CCP) has approved Phase II for the proposed acquisition of Telenor Pakistan in Pakistan Telecommunications Company Limited (PTCL), which has marketed an important milestone in the ongoing stability of the telecom sector.
According to a notice sent to the Pakistan Stock Exchange (PSX), PTCL and Telenor Pakistan BV (TPBV) filed a share purchase agreement (SPA) on August 14, 2024. The agreement covers the acquisition of full shares of Telenor Pakistan (private) Limited and Orion Towers (private) limited.
“We fully appreciate the commission in the future view of Pakistan’s telecom sector and long -term stability in Pakistan’s telecom sector,” a statement said.
He added that the PTCL is grateful to Pakistan’s Competition Commission for successfully eliminating Phase II of Telenor Pakistan.
The PTCL fully cooperated with the Commission throughout the review process and is committed to pushing the full alignment with the direction of all regulatory bodies on this matter, as well as complying with the country’s applicable laws.
This intra -sector stability is an important step for Pakistan’s telecom industry, which will create power to provide both PTML (UFON) and Telenor to provide class customer experience, environment -promoting network quality, wider coverage, and modern digital services for their customer base. Added.
In addition, a stable entity will strengthen, strengthen, innovate across the country, and support the vision of the government of Pakistan.
CCP approval is in accordance with a detailed review of the pre -integration application filed by PTCL and TPBV, in accordance with the Competition Act, 2010 and Competition (Integration Control) Regulations, 2016. The commission’s Phase II order issued today that this transaction is complied with. With all relevant legal provisions.
However, the notice states that the transaction is still subject to other corporate and regulatory approval, which is formally complete, and before signing necessary contracts and equipment before signing it.
The CCP review is one of the most comprehensive in its history, which has applied the competitive (SLC) test to a great extent to determine whether the integration will distort the dynamics of the market. The Commission reviewed several subsidiaries, including cellular mobile services, Long Distance and International (LDI) services, fixed line, lease lines, and IP bandout.
Between September 2024 and August 2025, CCP Heroes at least five open hearings and several secret sessions with PTCL, Telenor and other stakeholders. The Commission called for extensive data from regulatory separate accounts to bilateral contracts and business plans to address possible market domination concerns. Despite repeated delays and technical complications, the CCP pressured to clarify unless it was satisfied with the information provided.
Officials familiar with the process said that the CCP faced significant external and corporate pressure to accelerate approval. However, Chairman Dr. Kabir Sudhu insisted on complete transparency and refused to move forward unless all legal requirements were made.
In February 2025, a stakeholder’s lawyer argued that the CCP had become a “Functs Office” on the matter, dismissing the claim that legal timelines were being observed and that the public interest needed a thorough investigation.
PTCL Telnor Review is a mirror of world ideology in telecom merger. For example, the Vodafone/Three UK contract took about 23 months for clearance, while the 22 months of spirits/T -mobile integration in the United States was reviewed. In this context, the CCP’s 18 -month exam is compatible with international excellent methods and highlights the complexity of maximum rehabilitation scenes.