KARACHI: In a landmark move for Pakistan’s telecom industry, Pakistan Telecommunication Company Limited (PTCL) has officially taken charge of Telenor Pakistan, completing the purchase of 100% issued shares of Telenor Pakistan and Orion Towers.
Starting today, Telenor Pakistan and Orion Towers will operate as wholly owned subsidiaries of PTCL, alongside Ufone 4G and U Microfinance Bank. During the transition period, Telenor Pakistan will continue to function as a separate legal entity, while necessary regulatory approvals are processed.
Once those approvals are in place, PTML (Ufone 4G) and Telenor Pakistan will be merged to form one unified integrated company — a move expected to “change the game” in Pakistan’s telecom sector.
PTCL acknowledged and appreciated the two-decade-long contribution of Telenor ASA, stating that Telenor played a “big role” in raising service standards and expanding connectivity across Pakistan.
The company said this merger will allow both sides to join hands, pooling strengths and resources to build a platform focused on customer convenience, wider coverage, and faster innovation.
Looking ahead, the company born from the PTML-Telenor merger will work to boost network capacity, improve spectrum allocation, and deliver reliable, digital-ready services that keep pace with the changing needs of Pakistani consumers. PTCL says the move puts Pakistan “on the road” towards its digital future.
