Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
PTCL has submitted the Telenor Pakistan–Ufone merger to the telecom regulator, triggering a formal review of competition, spectrum, and consumer impact. PTA’s assessment is expected within two months, followed by SECP and court approvals. The deal aims to strengthen PTCL’s mobile business and reshape Pakistan’s telecom landscape.
Telenor will sell its 30.3% stake in Thailand’s True Corporation for $3.9 billion, continuing its retreat from Asian markets after exiting Pakistan. The move lifts shares 8%, delivers a major accounting gain, and supports the group’s strategy to refocus on Nordic operations while reassessing remaining assets.
Jazz welcomed the PTCL–Telenor merger, calling it a chance to end unsustainable price wars and prioritize digital innovation. The company urged regulators to ensure fair competition and spectrum allocation to advance Pakistan’s digital transformation.
The acquisition aims to strengthen MDS SI’s AI capabilities and accelerate digital transformation for clients.