PTCL inaction delays Telenor merger: CCP
The Competition Commission of Pakistan (CCP) has raised concerns over the Pakistan Telecommunication Company Ltd (PTCL)’s non-cooperation and delay in providing critical information required for evaluating its proposed merger with Telenor Pakistan through Ufone. The watchdog cited potential competition risks and warned of cross-subsidisation between PTCL and Ufone, both of which operate under joint management. In a presentation submitted to the Senate Standing Committee on IT and Telecom, the CCP highlighted that the delay in merger proceedings stemmed largely from PTCL’s non-responsiveness and its failure to provide a concrete investment plan. The commission noted that despite initiating an open hearing on the case on Sept 30, 2024, PTCL has yet to submit complete documentation.