PTA grants NOC for Telenor Pakistan amalgamation into PTC subsidiary
MG News | April 03, 2026 at 09:06 AM GMT+05:00
April 03, 2026 (MLN): Pakistan Telecommunication
Company Limited (PSX:PTC) has received regulatory clearance from the Pakistan
Telecommunication Authority (PTA), for the consolidation and
transfer of PTA licenses, as well as the amalgamation of Telenor Pakistan
(Private) Limited into Pak Telecom Mobile Limited, both wholly owned
subsidiaries of PTCL.
The proposed amalgamation will be executed through a scheme of
arrangement in line with applicable laws.
The development follows PTC's earlier disclosure to the
Pakistan Stock Exchange (PSX) on March 19, 2026, and has been formally notified
to PSX pursuant to Rule 5.6.1 of the PSX Rule Book read with Section 96 of the
Securities Act 2015.
Further updates on the matter will be communicated to PSX as
required under applicable laws and regulations.
The aforementioned information was disseminated
through a notification to Exchange.
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