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PTCL-Telenor Merger Nears CCP Approval Backed by SIFC

  • The Competition Commission of Pakistan (CCP) is preparing to approve the PTCL-Telenor merger, following intervention from the Special Investment Facilitation Council (SIFC).
  • PTCL has submitted a revised settlement offer and a $1 billion investment plan from UAE-based telecom giant e& is included in the proposed deal.
  • CCP is seeking a detailed timeline and investment breakdown before giving the final approval.
  • The merger is expected to intensify telecom competition in Pakistan and lead to improved mobile services for consumers.

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