PTA grants NOC for PTCL’s acquisition of Telenor Pakistan
- With this NOC, PTCL may proceed with acquisition, subject to completion of all legal and commercial formalities
The Pakistan Telecommunication Authority (PTA) has granted a No Objection Certificate (NOC) to Pakistan Telecommunication Company Limited (PTCL) for the acquisition of Telenor Pakistan (Pvt.) Ltd., “after a comprehensive review under the applicable regulatory framework.”
“PTA evaluated the transaction’s impact on market competition and consumer interests, and consulted relevant government bodies to ensure full compliance with statutory requirements,” the authority said in a statement.
PTA grants conditional nod as PTCL accepts terms for Telenor Pakistan acquisition
With this NOC, PTCL may proceed with the acquisition, subject to completion of all legal and commercial formalities.
“Both companies must ensure continuity and quality of services and uphold all licence obligations throughout the transition.
“PTA will closely monitor the process to safeguard consumer rights and maintain a competitive and forward-looking telecom sector,” PTA said.
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