PTA clears PTCL’s acquisition of Telenor Pakistan
The Pakistan Telecommunication Authority (PTA) has granted a no-objection certificate (NOC) to the Pakistan Telecommunication Company Limited (PTCL) for the acquisition of Telenor Pakistan (Pvt.) Ltd., after a comprehensive review under the applicable regulatory framework.
The PTA evaluated the transaction’s impact on market competition and consumer interests, and consulted relevant government bodies to ensure full compliance with statutory requirements, said a press release on Saturday.
With this NOC, the PTCL may proceed with the acquisition, subject to completion of all legal and commercial formalities.
Both companies must ensure continuity and quality of services and uphold all licence obligations throughout the transition.
The PTA will closely monitor the process to safeguard consumer rights and maintain a competitive and forward-looking telecom sector.
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