Jazz, Telenor Welcome PTCL-Telenor Merger Decision

Jazz and Telenor have welcome a decision of CCP relating to PTCL-Telenor merger, saying it will make more sustainable to the telecom industry,

“Congratulations to PTCL on receiving CCP approval for the acquisition of Telenor Pakistan — Consolidation can make the telecom industry more sustainable by ensuring resources are invested in expanding services rather than duplicating networks,” Aamir Ibrahim, CEO Jazz said adding that now the real priority should be timely spectrum release, which is essential to unlock Pakistan’s digital growth and ensure that millions of people benefit from faster, more affordable connectivity.”

We appreciate the Competition Commission of Pakistan’s (CCP) careful consideration before granting approval to the sale of Telenor Pakistan to PTCL. We believe this transaction would strengthen Pakistan’s telecoms sector,” Telenor Asia said.

It said that this CCP approval is a significant milestone in the process, which will now move forward for approval by the Pakistan Telecommunication Authority (PTA).

We look forward to the timely approval process and final completion of the transaction soon.
Telenor Pakistan will continue its business as usual, focusing on delivering services to its 43 million customer base,” says Telenor Asia.

CCP chairman on Wednesday announced PTCL merger with strict conditions.