PTC gets IHC approval to merge Telenor Pakistan into PTML

July 01, 2026 (MLN): Pakistan Telecommunication Company Limited (PSX:PTC) has received approval from the Islamabad High Court for the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited (PTML), both wholly owned subsidiaries of the state-run telecom operator.

The court order, dated June 30, 2026, approves the Scheme of Amalgamation under which the entire undertaking of Telenor Pakistan, including all assets, liabilities and obligations, will be transferred to and vested in PTML as a going concern.

Under the salient features of the scheme, PTC's entire shareholding in Telenor Pakistan will be cancelled, and Telenor Pakistan will stand dissolved without winding up, with its name struck off from the records of the Registrar of Companies.

The aforementioned information was disseminated through a notification to Exchange.

PTC President & CEO Hatem Bamatraf termed the development a defining moment for the company and for Pakistan's telecom industry. He expressed deep gratitude to the Government of Pakistan and every institution involved in the process for their diligence and support throughout the journey.

He also extended heartfelt thanks to the company's customers, whose trust had carried both Ufone and Telenor Pakistan through the transition, and to employees, whose dedication and hard work had made the milestone achievable.

Furthermore, it was added that as the two entities come together as one company, their ambition is to bring customers cutting-edge products and services that set a new benchmark for digital experience in Pakistan.

Ufone 5G has promised continuity of service for both Ufone 5G and Telenor Pakistan customers during the integration process, with access to superior connectivity and digital experience.

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