Telenor | Pakistan

The Competition Commission of Pakistan (CCP) has approved Pakistan Telecommunications Limited’s (PTCL) acquisition of mobile carrier Telenor Pakistan and Orion Towers shareholdings, according to a press release issued on Wednesday. According to the telecommunication company’s website, one of its subsidiaries is mobile carrier Ufone. As part of the deal, Telenor and Ufone will merge. According to the press release, the merger was announced today at a press conference at the CCP’s head office. CCP Chairman Dr Kabir Ahmed Sidhu, CCP Registrar and Head of Legal Ambreen Abbasi and members Salman Amin and Shahzad Hussain shared the key highlights of the agreement. “They explained that [the] CCP conducted a comprehensive review of the merger transaction,” the press release read. “The review examined market structure, concentration levels, efficiencies, and potential competition risks.” Dr Sidhu emphasised that the commission’s decision “ensures a level playing field for all telecom operators and safeguards consumer ...