Telenor Pakistan and Ufone have merged into a single entity, PTML, in a major development for the country’s telecom sector, while Pakistan Telecommunication Company Limited (PTCL), which was previously integrated with Ufone, will now operate separately under an arrangement mandated by the Competition Commission of Pakistan (CCP).
The boards and CEOs of both entities will also be separate.
The merger has been carried out under the framework approved by the CCP, with the combined mobile business now operating through a merged company. As part of the conditions attached to the transaction, PTCL has been separated from the mobile operations and will no longer be part of the MergeCo.
This means Telenor Pakistan and Ufone will operate together as a combined mobile entity, bringing their network assets, customer base and operations under one structure, while PTCL will function independently as a separate company.
Sources told ProPakistani that the separation of PTCL from the merged mobile business was a direct outcome of the CCP’s order, which required PTCL to operate as a distinct entity rather than remain part of the merged company.
