Business

Telenor to be Dissolved After Merger With Ufone

Pakistan Telecommunication Company Limited (PTCL) is currently working on getting the final nod from authorities to merge Ufone and Telenor.

After this, the mergeco of Ufone and Telenor as a brand will be dissolved, said Hatim Bamatraf, CEO and president of PTCL.

So eventually, 73 million customers, with the majority of them as prepaid 4G and mergeco, will have the largest network infrastructure.

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The merger will first go through full operational integration, after which Telenor will be formally dissolved, a process that is expected to take several months.

This will mark the final stage of the merger, after which Telenor will cease to exist as a separate entity.

The decision on the brand name will be taken after required regulatory approvals.

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Published by
Jehangir Nasir