Telecom operators in Pakistan, including Wateen and Jazz, have raised concerns about PTCL’s acquisition of Telenor Pakistan, warning it could lead to reduced competition and increased market dominance. They called for regulatory safeguards to prevent monopolistic practices and ensure a balanced telecom landscape in the country.
PTCL Group CEO Hatem Bamatraf announced a two-year integration plan following the acquisition of Telenor Pakistan at GITEX. The merger aims to enhance connectivity and digital innovation in Pakistan, with immediate network quality improvements expected post-regulatory approvals, fostering socio-economic development and technological advancement.
PTCL Group’s revenue increased by 15.3% year-on-year, reaching Rs160.6 billion for Q3 2024.
