Hatem Bamatraf, President & Chief Executive Officer, PTCL & Ufone, here on Wednesday announced that the PTCL and the merged telecom company that includes Ufone and the Telenor- Pakistan will participate in the upcoming 5G spectrum auction.
He added that the authorities will consider the concerns of the telecom industry and release the spectrum during the 5G auction at conducive terms.

Read More: Govt Links 5G Spectrum Price to Dollar

He was addressing a news conference along with the top management of Telenor Pakistan formally announcing the acquisition of 100 percent of issued share capital of Telenor Pakistan and Orion Towers at Rs108 bn.

Meanwhile, the CEO PTCL did not respond to the pending issue of release of $800 mn that Etisalat management was holding since 2006, when the management of the PTCL was transferred to UAE based Etisalat.

The Telenor Pakistan and Orion Towers has become 100 percent owned subsidiaries of PTCL, alongside Pak Telecom Mobile Limited (PTML) – Ufone and U Microfinance Bank.
However, Telenor Pakistan will continue to operate as a separate legal entity during the next 5-6 months as the Ufone and Telenor Pakistan will be integrated as merged entity (MergeCo) by the telecom sector regulator the Pakistan Telecommunication Authority (PTA) and the Islamabad High Court.

Hatem Bamatraf, President & Chief Executive Officer, PTCL & Ufone 4G said that the MergeCo will expand network capabilities, optimise spectrum resources, and deliver seamless, secure, and digitally enabled services designed around evolving customer needs and aligned with Pakistan’s digital ambitions.

He assured the employees of TP that there would be no threat to their jobs and said, “I warmly welcome our colleagues and want to assure them that this transition is rooted in respect for people, continuity of talent, and thoughtful integration of industry best practices. Together, we will build a stronger, future-ready organisation that serves customers better, empowers its people, and advances Pakistan’s digital future.”

Meanwhile, in another development the newly established Board of Directors of Telenor Pakistan appointed Awais Vohra as the Acting Chief Executive Officer of the company, Telenor Pakistan, which is now an autonomous subsidiary of Pakistan Telecommunication Company Limited (PTCL) following the completion of all regulatory approvals.
Mr Vohra is a founding member of Telenor Pakistan’s launch team, and was recently, Chief Technology Officer.

PTCL had announced the acquisition of 100 percent of the issued share capital of Telenor Pakistan and Orion Towers (Private) Limited in December 2023, after a comprehensive regulatory review, the CCP granted approval for the acquisition on October 01, 2025, followed by the PTA’s approval on December 05, 2025.

The mergeco comprising of Ufone and Telenot Pakistan will become the second largest teleco of the country with around 35 percent subscriber base, and Jazz Pakistan will continue to dominate the arena with 37 percent of total subscribers and Zong will remain at the third slot.

Currently government of Pakistan owns 62 percent shareholding in PTCL and named as a state owned entity by the ministry of finance. However, 26 pc were privatized in 2006 along with thw management control to Etisalat of UAE, while remaining 12 pc is held by public investors through the stock market.