The merger deal between telecom companies Telenor and Ufone is in its final stages, with authorities stating that the merger is expected to be completed within one to two weeks.
Officials from the Competition Commission of Pakistan (CCP) informed the Senate Standing Committee on IT & Telecom that the case had been under review for 18 months.
CCP Chairman Kabir Sidhu shared this information during a meeting of the Senate Standing Committee on Information Technology on Friday.
“PTCL is a company of strategic importance to Pakistan,” Sidhu remarked while briefing the committee about the merger.
The authorities acknowledged that the merger could not have been finalized in just four to five months, as some documents were required from PTCL, which were provided later. However, Senator Kamran Murtaza questioned how the CCP review, which had taken 18 months, could be completed in just one or two weeks.
The merger of Telenor and Ufone is expected to conclude soon, following the submission of necessary documents, but concerns remain about the swift finalization of a case that has spanned over a year and a half.
Senator Affanullah inquired whether the government would be able to complete the 5G spectrum auction by December, as stated by the Minister of IT.
The PTA Chairman confirmed readiness for the 5G auction but noted that some pending legal cases might delay the process. Senator Affanullah suggested using the Attorney General’s office to expedite the resolution of these cases.
PTA confirmed that there were no stay orders on the 2600 MHz spectrum, but legal issues could still impact the auction.
Meaning they couldn’t find a buyer as usual. So ptcl uphone is going to merge with it since no one trusts pakistan companies anymore.
Like I said before. Psx rise is just claims. It’s not real since no one trusts pakistan on global scale
Angry U The Aa
Zafar bhai apni rayinden.is merger k baray main mukamal.
If I am wrong . Plz show how.
Deal has already been closed, Finance has already been arranged. Only CCP approval is required that deal will be closed. PTCL made promise to invest 1 Billion dollars in next few years in Telecom infrastructure including 5G. What else do you want?
Zong aur jazz par iska kia impact hoga.ufone aur telenor ka coverage zong aur jazz ki tarah har jagah nahi.kia coverage main koi improvement hogi?
Zafar Bhai asal mn ye youther hy aagy ap samjh jao. What he wants. Inko Pakistan sy koi concern nhn siway apny gadhy k.
Tum rotay raho youther ko, mulk pehley torr dya, abb dabo dya tum logon ne…
Lo g ab 5g phone lena parega.😂😂😂
Deal was made since no one was interested . Nothing new
Telenor used to be foreign investment in pakistan. They left since they do not trust pakistan policies anymore.
Also is a merger not an acquisition. So money was not arranged as much as they decided to merge the companies.
And excuse me ptcl is a semi govt dept meaning no one was interested.
The deal was more of desperation. Same thing happened when in Switzerland, credit suise was acquired by UBS
There were speculations regarding SCO buying Telenor Pakistan too.
The merger is waiting for approval for ptcl the deal was made 18 months ago
Very Good News that Telenor and Ufone will become one company
Not good news at all
It means that staff that would be laid off due to redundancy as duplicate jobs won’t be allowed .
Increasing unemployment
PTCL is the worst telecom and internet provider . UAE still owes almost 1 billion dollar. We need more competition not less .
PTCL is the worst telecom and internet provider . UAE still owes almost 1 billion dollar. We need more competition not less .
When PSX is breaking records and even IMF is happy with Pakistan, how can Telenor abandon and go with heavy loss? They need reassessment of their situation.
Fudged figures… sab jhoot hai bhai… koi record ni ban re… sab jhoot hai..
For study and job .
4G sai se chl nahi raha 5G kaha se aye ga
Competition is getting reduced .
What benefit will Ufone user get after this merging
start main shayad services behtar hon likin inka haal bhi jazz warid services wala hona hai.call drop and slow browsing.
Nope . They couldn’t find investors from foreign investors
So they decided to go for their semi state owned investment
Sindh thatta makli chato chand 22rd ki ass pass koi tower Nahi hai telenor ufone ki
Lod Bill Jazz کیش
If this merge is for global concern.it is sad.bcz internet is not in good condition in many areas away from the cities.they should focus on that before expanding.but may be they have plans for this.i hope this merge will bring us better quality internet than before.
Ufone Telenor merger k bad new name uptcl hoga I think?