Islamabad, The Competition Commission of Pakistan (CCP) has initiated Phase 2 of its review of Pakistan Telecommunication Company Limited's (PTCL) acquisition of Telenor Pakistan, following the completion of Phase 1. This significant move comes as CCP aims to thoroughly assess the implications of this major consolidation in the telecom sector, which promises enhanced services and increased competition.

According to Pakistan Telecommunication Company Limited, the acquisition is positioned as a strategic enhancement of the telecom landscape in Pakistan, aimed at improving network coverage and accelerating broadband and 4G services by merging the capabilities of PTCL and Telenor Pakistan. The company is cooperating fully with CCP, providing necessary information and documentation to support the regulatory review.

This merger is expected to deliver various customer benefits, including superior network coverage across urban and rural areas, enhanced data speeds, and an expanded range of products and services. PTCL also anticipates that the consolidation will facilitate greater innovation and investment in future technologies, boosting the digital transformation journey of Pakistan.

Additionally, the merger aligns with the Digital Pakistan Vision, aiming to increase broadband penetration which is essential for the country's economic growth. The involvement of international financial institutions in financing the deal is also seen as a positive step that could attract more global players to the Pakistani market.

As the review process continues, PTCL expresses confidence in the outcome and anticipates expeditious final clearance from CCP, which will allow them to move forward with their goals for enhancing telecommunications services and contributing to the nation's digital progress.