Telenor concerned over delay in sale of local operations

Telenor Group has voiced concerns about the ongoing delays in selling its local operations to Pakistan Telecommunication Company Ltd (PTCL), stating that these delays have resulted in a continuous decline in Telenor Pakistan’s customer base. In the first quarter report of the current calendar year, released in Norway, Telenor International stated that obtaining the necessary regulatory approvals for the divestment of Telenor Pakistan has taken more time than anticipated. It hoped that Telenor Pakistan’s acquisition by the PTCL is expected to be completed in the second half of the current calendar. Hopes acquisition by PTCL to be completed by second half of 2025 It added that the Telenor Group announced the sale of its Pakistan operations in December 2023, subject to regulatory approvals and other customary terms and conditions. “We continue to engage with the authorities to obtain the approvals, considering the strong merits of the case for all stakeholders, we still anticipate receiving the clearance in the coming months, with subsequent closing the transaction in the second half of 2025,” the report added.