The PTCL-Telenor merger has been delayed until the second half of 2025 due to pending regulatory approvals.
Telenor Group's first-quarter report for 2025 indicated that the transaction closure has been pushed back from the initial expectation of the first half of 2025.
The delay is attributed to the lengthier process of obtaining the necessary regulatory approvals for the divestment of Telenor Pakistan.
Despite the setback, Telenor Pakistan has shown strong operational results with revenue and EBITDA growth, but economic challenges and political volatility in Pakistan still pose risks.