Telenor Gets a Sister Concern in Pakistan

Telenor International has established a subsidiary in Pakistan to manage financial matters of Telenor Pakistan, told us reliable sources in Group’s Pakistani arm; however, Telenor Pakistan’s spokesperson denied any financial involvement of this newly established company – and termed it Telenor Pakistan’s subsidiary.

When asked about the functions of this new firm, Telenor Pakistan’s spokesperson communicated us following, through an email

Telenor Key Partners (TKP) has been formed as a subsidiary of Telenor Pakistan. The purpose of this concern is to provide worldwide support to members of the Telenor Group on various IT applications and has nothing to do with managing finances. The function has been working in Pakistan for the past 3 plus years. It is a matter of great honor for us that Telenor Pakistan has been selected to carry out this activity for the group. This shows the exceptional talent that we have in Pakistan and specifically at Telenor Pakistan.”

He also noted about the CEO of this company, as following

“ Mr. Imran Ashraf has been spearheading this project since its launch and in recognition of his extraordinary service has been appointed as CEO of this new subsidiary.”

It was interesting to learn that Mr. Imran Ashraf, who comes from a financial background will head a company, that is primarily focused on IT applications. It merits mentioning here that Mr. Imran was in finance department at a Malaysian power generation company, called “Liberty Power”, before his appointment at Telenor Pakistan as Director Finance, almost 3 years back.

Moreover, formation of this new company happened just few weeks after Peter Kuncewicz, Chief Financial Officer of Telenor Pakistan moved to Indosat, Indonesia. And we are still to hear about his replacement.

All this sounds very adventurous to me – but we are yet to see the size of this new company to actually evaluate its capacity to develop IT application for Telenor group.

As a side note, there are strong rumors in the market that Zong is looking for (partial) buyout of Telenor Pakistan – little odd, but news is defiantly hot out there in the industry.

Zong’s spokesperson didn’t deny any possibility of talks between Telenor International and China Mobile (headquarters) for such partial or total buyout.

Those who are justifying this rumor say that

  • Telenor is facing hurdles for its investment in India, due to operations in Pakistan
  • Top level major re-order in Telenor Pakistan in just 2 months
  • Formation of new company to manage financial things

So the game at Telecom industry is not going to be over soon – we have plenty of play to watch!

Update: Dawn News also covered story of Telenor and China Mobile Merger/ Acquisition here

Tech and telecom reporter with over 15 years of experience, he works as founder of ProPakistani.PK

  • Yes, telenor’s management will be in Zong’s hands because India isn’t welcoming telenor because of its operations in Pakistan. And, telenor is in no mood of leaving Indian market.
    May be we’ll end up in having “TeleZong” or “ZongNor” very soon.

  • telenor employees’s good time will be over then because chinese mgt. is incomparable with EU or USA in terms of employees benefits and compensations plus operator companies are trying to avoid cut throat competition and earn profits with mutual understandings

  • hmmm seems like Specialist and Omer Farooq are jealoused or from competition, neywayz we all know the strong position of Telenor in Pakistan and other 13 countries as well, even in this financial crunch where MOBILINK is LAYING OFF its employees in tremendous speed Telenor is still hiring.

  • ETISALAT is also working in INDIA. the following details can conform it where as SINGTEL is a partner of Airtel & Warid. Then Why Govt. of India has objections against Telenor only??
    Rather we should protest over Etisalat entry into India as It has not only access to mobile but fixline operations in Pakistan. They can misuse our data.
    Abu Dhabi, 09 June 2009, The Board of Etisalat DB, today announced the ‘change of name’ of the erstwhile Swan Telecom, a joint venture between Etisalat and DB Realty. The company has officially been re-named as Etisalat DB Telecom India Pvt. Ltd. The company is headquartered in Mumbai, India.

  • It seems quite a baseless rumour that India would be objecting to Telenor’s operations in Pakistan. There are scores of multinationals which have operations in both India and Pakistan.

  • Dear Friends,
    be informed that with effect from Saturday 1st August,from TELENOR each balance inquiry via *444# (Rupee Account Balance), *111# (Free SMS Balance) and *222# (Free Minutes Balance) strings will be charged 10 paisa (exclusive of tax)

    ·Rupee Account Balance – *444# will be charged @ 10paisa + tax

    ·Free SMS Balance – *111# will be charged @ 10paisa + tax

    ·Free Minutes Balance – *222# will be charged @ 10paisa + tax

  • All Telecom companies play frauds with customers in billing, In calls bell, On ringing but no body notice. I have proof and fight with Ufone only but could not gain on waste time.

    All people sleep with smile.

  • July 2009 and September 2011 ….. rumour it all was will be for speculators who just want to make news and earn some cheap money and publicity out of it all … cheetay :)

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