The Competition Commission of Pakistan (CCP) has completed its Phase-II review of PTCL’s $400 million acquisition of Telenor Pakistan and Orion Towers. The deal, which involves significant changes in market share across various telecom sectors, is being carefully examined to ensure fair competition and protect consumer interests.
STZA and Telenor Pakistan have signed an MoU to drive innovation, empower youth, and strengthen Pakistan’s digital ecosystem. The partnership will foster youth development through initiatives like innovation challenges, while supporting emerging technologies and local startups, positioning Pakistan as a key technology hub in the region.
Telenor Pakistan was awarded the top honor at the Telecom Cyber Security Awards 2024 for its exemplary performance in cybersecurity. The company’s compliance with critical telecom security regulations was recognized by the Pakistan Telecommunication Authority (PTA), reinforcing Telenor’s commitment to securing its services and leading industry standards in Pakistan.
Telenor Pakistan was recognized at the Telecom Cyber Security Awards 2024, organized by the PTA, for its outstanding compliance with critical security regulations. CEO Khurrum Ashfaque received the award, underscoring the company’s commitment to enhancing its cybersecurity measures and fostering a safer digital environment in Pakistan.
Telenor Pakistan reported a 6.7% revenue increase for Q3 2024, totaling Rs. 30.11 billion, despite challenging economic conditions. The company achieved an organic growth rate of 8%, though its subscription base declined by 3%. Average Revenue Per User (ARPU) rose by 11%, contributing to a robust 9% growth in EBITDA.
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.
