PTA receives application for Telenor, Orion Towers acquisition

By MG News | Category Equity | September 12, 2024 at 03:02 PM GMT+05:00

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September 12, 2024 (MLN): Pakistan Telecommunication Authority (PTA) has received the application for the grant of approval of the proposed acquisition of Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited.

This transaction involves transfer of 100% shareholding/equity interest from Telenor Pakistan B.V to Pakistan Telecommunication Company Limited (PTCL).

As a result of this transaction Telenor Pakistan (Private) Limited, Orion Towers (Private) Limited and Telenor LDI Communication (Pvt.) Limited will be controlled by PTCL, PTA said in an official statement.

"All telecom consumers, stakeholders, interested/affected persons, and the general public are invited to submit their written comments (if any) regarding the subject matter to the Director General (Wireless Licensing)," the statement added.

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