Pakistan Telecommunication Company Limited (PSX: PTC) has shown its interest in making a sizable investment in the country’s telecom sector, the company informed the Pakistan Stock Exchange on Tuesday.
“In continuation of our earlier letter dated Jan 31, 2023 the Board of Directors of Pakistan Telecommunication Company Limited (the “PTC/Company) has authorized the Company to explore potential investment opportunity(ies) in the telecom sector in Pakistan,” the filing stated.
“After a due-diligence process, [the] Board of Directors on August 29th, 2023 has authorized the Company to offer a binding offer to the target Company. Please note that this opportunity is subject to certain conditions, including inter alia acceptance of the offer, finalization and execution of definitive documents as well as receipt of all regulatory consents and approvals,” it added.
The company said any further developments in respect of the binding offer shall accordingly be notified as per applicable laws.
Telenor Group, which operates telecom businesses in nine markets across Europe and Asia, is now shifting its focus to European markets as it recently merged its operations in Thailand.
A similar pattern could be followed in Pakistan where it is safe to say, PTCL is looking to merge Telenor with Ufone, the cellular arm of the PTCL group.
Telenor Group previously wrapped up its operations in India, Myanmar, and Indonesia as well.
In my view Zong should acquire Telenor. PTCL and Ufone are Scum
good keep you views to yourself,
acquire kry se inki monopoly bhry gi or inka competition khatam hoga , there should be more companies and option available to public
Telenor’s infra is utter crap , I guess Ufone is going for the subscriber-base only. We’d have a double whammy with two crappy networks combined =D
Ptcl mgt majority of them are thugs and incompetent and corrupt this deal will be the end of Telenor legacy.
we are not thugs join our company we are only hiring good talents
I use 5 years ufone 2008 to 2013 very worst network.l leave it in 2013 ,I check it after 10 years but ufone services are more worst…..
you ptcl are thugs, u have worsenes condition of ptcl old employees, you are not giving them their right, u people are cruel and bullshits, u dont even bother pensioners,
Sorry bother to say you even don’t know the market Share of Ufone/PTCL in market..
PTCL is Father of Telecom in Pakistan.Best services in low price.If Telenor or other telecom companies are better than PTCL thn why they are running.
By merging both companies Ufone can launch better services with huge spectrum. After merger both companies will have following spectrum
Frequency band: Ufone+Telenor= Total
1800 MHz band 3: 15+8.8= 23.8 MHz
2100 MHz band 1: 5+5= 10 MHz
900 MHz band 8: 7.6+4.8= 12.4 MHz
850 MHz band 5: 0+10= 10 MHz
.
With this spectrum Ufone can Launch 4G/3G/2G in following frequency and bandwidths
Carrier Aggregation 4G+= 20 MHz band 3+ 10 MHz band 1+ 10 MHz band 9 or 5 Total 40 MHz
DC-HSPA+ 3G= 10 MHz band 9 or 5 (whichever not used for 4G)
GSM 2G= 3.8 MHz band 3 and 2.4 MHz band 8
.
This is more spectrum than Zong and Jazz in every categary either 4G/3G/2G. So their merger is in favour of not only these companies but also their users. Telenor has vast 4G coverage but lacks spectrum and Ufone has spectrum but sloppy coverage. Both issues will be resolved.
Good to see you back Zafar sab. The OG Pro-Pakistani visitor. Your Insights are always Helpful.
I Believe That Zong should go for Telenor because Ufone and its’s parent company PTCL are the most non consumer friendly companies out of all telcos. Remember when 3g was first Auctioned, it was Ufone that introduced speed-based packages. They were also the most expensive. Ufone has managed to slip to last place despite being the oldest network of Pakistan, WHY? because they are always expensive. So, I believe Zong would be a perfect fit for Telenor Merger.
Telenor was up for grab for some time now but Jazz and Zong were not interested buying it due to their own reasons. Ufone on the other hand find it cheaper and convenient to buy Telenor instead of buying extra spectrum and spending huge money on expansion of 4G coverage. Telenor has vast 4G coverage which Ufone get benefit of it. Other than coverage and spectrum Ufone will also get Telenor’s huge customer base and VoLTE solution.
And now Talk about now if you compare Ufone packages with Zong and Jazz than you can see that both are more or equally expensive as compare to Ufone. But with strong 3 companies with huge user base competition will get more intereting and users will get benefit of it.
Thanks a lot sir for sharing insights for common Pakistani means a lot for us
PTCL has zero customer service and service also but has money to buy every thing .Creating Monopoly . Soon we will have no option left . Zong seems not interested to invest or expand its network not even jazz .
bro yehi hota ha jab competition km hota hai to man mani hoti hai ,
agar businness kay halat achy to ty to yaha new companies launch hoti or behtareen rates milty public ko , competition create hota market ma, per yaha sub ulta ho rha
Telenor was in Malaysia not Indonesia. Please correct this in your article.
I suggest Telenor Pakistan Deal with Onic Please Look at Onic GSM Company Newly Start Operations in Pakistan using Ufone Network at the moment
They ll be better option rather than Old 1.
Onic is sub brand of Ufone. Just like Djuice was for Telenor. Not a new company at all. Read PTA press release.
I pity Telenor and it’s fate. PTCL is the worst internet service provider in this country and it will make Telenor also the worst. Even after introduction of optic fibre their services have not improved. Except for the PTCL’s own employees, none is satisfied with the company’s performance. Even some of the PTCL employees themselves are critical towards its service delivery.
So what will be the future of Easypaisa then.
Close account of easypaisa as soon as possible
One lazy company merging another slowest company.. wow., Its amazing. Telenor & ufone customers must move to other network likely to Jazz.
Pakistan History Very Bad Network Telenor and Ufone This Is Not Aa good network
Just to add for those who are interested. The sheikh’s are not only looking to buy Telenors Spectrum and Infra (vast coverage) and combine it with ufones spectrum, but *surprise* they are more interested in getting the guys and the strategy that has kept running Telenor on just 1/3 of the spectrum and 1/2 of the operational cost with 0 substantial investment for years and still give a tough time to zong and jazz despite both of them splurging $ left right and center. What the sheikh’s want is a winning team to take over the merged entity and wreck havoc. While ufone has flopped to get anything out of its 15 mhz 1800 lte spectrum, for years now, roll out has been a night mare and user satisfaction and market share is at an all time low. For me its a bad bad sign for ufone+ptcl guys and a good omen for Telenor
In the latest PTA QOS survey Ufone has the best 3g speed/coverage (or most empty network) and leads in version markets like Islamabad. I think this is a good opportunity as Zafar sb detailed to optimize both networks and give consumers a viable alternative.