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PTCL Completes Rs108 Billion Purchase of Telenor Pakistan and Orion Towers

The deal sets up a 5–6 month regulatory review ahead of a planned UfoneTelenor merger into a 5G-focused operator.

Overview

  • Telenor Pakistan and Orion Towers now operate as wholly owned PTCL subsidiaries while Telenor remains a separate legal entity during the transition.
  • The planned integration of Ufone and Telenor into a single MergeCo requires approvals from the Pakistan Telecommunication Authority and the Islamabad High Court and is expected to take 5–6 months.
  • PTCL and the future MergeCo intend to expand network capacity, optimize spectrum use, and deliver more digitally enabled services.
  • PTCL leadership said the company and the merged operator plan to participate in the upcoming 5G spectrum auction.
  • A newly constituted Telenor Pakistan board appointed Awais Vohra as acting CEO, and PTCL offered job-security assurances as reporters noted an unresolved $800 million Etisalat-related issue.