Telenor Group Faces Approval Delays in PTCL Acquisition of Telenor Pakistan

Deal News | Jun 25, 2025 | EIN

Telenor Group Faces Approval Delays in PTCL Acquisition of Telenor Pakistan

Telenor Group is currently awaiting necessary regulatory approvals for Pakistan Telecommunication Company Limited (PTCL) to acquire Telenor Pakistan and Orion Towers. The deal was initially expected to close by December 2024, but due to delays, the new completion target is set for the second half of 2025. These delays are primarily due to the prolonged approval process by the Competition Commission of Pakistan (CCP). Telenor Group initially aimed for the acquisition to be completed in the first half of 2025; however, securing the required regulatory approvals has taken longer than anticipated. The PTCL acquisition has been flagged as pending in Telenor's latest quarterly report, with the PTCL warning that further CCP decision delays could affect the agreement.

Sectors

  • Telecommunications
  • Regulatory and Compliance

Geography

  • Pakistan – The transaction involves Pakistani entities, namely PTCL and Telenor Pakistan, with regulatory activities pertaining to the Competition Commission of Pakistan.

Industry

  • Telecommunications – The article involves telecommunications companies, specifically Telenor Group, Telenor Pakistan, and PTCL.
  • Regulatory and Compliance – The delays and implications discussed in the article revolve around regulatory approvals required for the transaction.

Financials

    Participants

    NameRoleTypeDescription
    Telenor GroupVendor/SellerCompanyThe primary vendor looking to sell Telenor Pakistan and Orion Towers to PTCL.
    Pakistan Telecommunication Company Limited (PTCL)BuyerCompanyThe company intending to acquire Telenor Pakistan and Orion Towers, pending regulatory approvals.
    Telenor Pakistan (Pvt) LtdTargetCompanyThe subsidiary being sold by Telenor Group to PTCL.
    Orion TowersTargetCompanyAnother entity involved in the acquisition process alongside Telenor Pakistan.
    Competition Commission of Pakistan (CCP)Regulatory BodyGovernmentThe regulatory body responsible for approving the acquisition, whose delay is affecting the timeline.