Telenor Pakistan Buyout Completes Major Telecom Merger

Telenor Pakistan buyout reaches completion as PTCL Group, part of UAE firm e&, takes full control. The deal closes after all approvals arrive. This move reshapes Pakistan’s telecom sector with a stronger player. It unites two big networks for a better reach across cities and villages. Deal Terms PTCL signed the share purchase agreement in December 2023 with Telenor BV. It covers 100% stake in Telenor Pakistan (Pvt) Ltd. The price is set at PKR 108 billion on cash-free, debt-free terms, about $381 million. PTCL uses debt to pay for it. PTCL owns 23.4% economic stake in e& group. Regulators like the CCP approve after checks