
As the Pakistan Telecommunication Company Limited (PTCL)-Telenor merger has gone past multiple, delayed timelines, the Competition Commission of Pakistan (CCP) has sought further clarity from the PTCL regarding issues that have stalled its proposed acquisition of 100% shareholding in Telenor Pakistan (Private) Limited (TP) and Orion Towers (Private) Limited (OT.
This development, conveyed in an official CCP statement released on Tuesday, follows a briefing by PTCL officials to the CCP about its acquisition plans for Telenor Pakistan and Orion Towers.
“In continuation of proceedings under Section 11(6) of the Competition Act, 2010, the senior management of PTCL appeared before the CCP bench. During the proceedings, PTCL provided a comprehensive briefing on its proposed business plan, claimed efficiencies, and regulatory accounts related to the acquisition,” the CCP statement noted.
“The commission is seeking further clarity on critical issues to ensure a thorough assessment of the merger’s impact on competition and consumers.”
The Telenor Group, earlier in February this year, anticipated the PTCL-Telenor merger to be completed in the first half of 2025.
On the contrary, the ongoing inquiries by the CCP are likely to further delay the merger as they require clarification on the implications of the merger on Pakistan's telecommunications market.