Islamabad: Pakistan Telecommunication Company Limited (PTCL) announced that it has signed a share Purchase agreement with the Telenor Pakistan to acquire 100 % stake in Telenor Pakistan (Pvt) Ltd
The acquisition brings together the strengths and expertise of both PTCL Group and Telenor Pakistan , creating synergies that will drive innovation and bolster our market, allowing us to reach a broader customer base and accelerate digital transformation journey. The milestone will add to PTCL ‘s strategic growth and market expansion, solidifying its position as a key player. Our combined strength will revolutionize the telecom industry in Pakistan .
The agreement will not only combine the capabilities and expertise of the two entities, PTCL Group and Telenor Pakistan but will also boost innovation and the telecom sector in the country, this important milestone will lead to PTCL’s business growth and market expansion and will strengthen the PTCL Group’s position as a key player in the telecom sector. The combined strength of the two institutions will revolutionize the country’s telecom industry
Speaking on the occasion, President and Group CEO, PTCL & PTML, Hatim Bamtaraf said, “We believe that the strategic synergy between PTCL and Telenor Pakistan will benefit our customers and stakeholders. will be very beneficial for us, as the real benefit from this agreement will be our customers. Both PTCL and Telenor have strong and talented teams that will embrace the best qualities of both companies to deliver quality services and foster a collaborative culture. The combined entity will provide best-in-class services across all sectors, and will have the best coverage, uninterrupted data facility, massive reach and a wide range of products and services available to consumers.”
