Pakistan Telecommunication Company Limited (PSX: PTC) has received regulatory clearance from the Pakistan Telecommunication Authority (PTA) for the consolidation and transfer of PTA licenses, as well as the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited, both wholly owned subsidiaries of PTCL. The proposed amalgamation will be executed through a scheme of arrangement in line with applicable laws.
The development follows PTC’s earlier disclosure to the Pakistan Stock Exchange (PSX) on March 19, 2026, and has been formally notified to PSX pursuant to Rule 5.6.1 of the PSX Rule Book read with Section 96 of the Securities Act 2015.
Transaction Structure
| Aspect | Detail |
|---|---|
| Target Company | Telenor Pakistan (Private) Limited |
| Absorbing Company | Pak Telecom Mobile Limited (PTML) |
| Parent Company | Pakistan Telecommunication Company Limited (PTCL) |
| Regulatory Approval | PTA NOC granted |
| Legal Framework | Scheme of arrangement under applicable laws |
Regulatory Context
The PTA’s No Objection Certificate (NOC) represents a critical milestone in the amalgamation process, confirming that the transaction meets regulatory requirements for license consolidation and transfer. This clearance allows the companies to proceed with the integration of Telenor Pakistan’s operations into Pak Telecom Mobile Limited, a wholly owned PTCL subsidiary.
Next Steps
Further updates on the matter will be communicated to PSX as required under applicable laws and regulations. The amalgamation is expected to strengthen PTCL’s position in Pakistan’s competitive telecommunications market by consolidating its mobile operations under a streamlined structure.
About PTCL
Pakistan Telecommunication Company Limited (PSX: PTC) is Pakistan’s largest telecommunications company, providing a comprehensive range of voice, data, and digital services to consumers and businesses across the country. The company operates through various subsidiaries, including Pak Telecom Mobile Limited (PTML), which manages mobile services under brands including Ufone and Telenor Pakistan following the amalgamation.
About Telenor Pakistan
Telenor Pakistan (Private) Limited has been a major player in Pakistan’s mobile telecommunications market, serving millions of customers across the country. The amalgamation into Pak Telecom Mobile Limited represents a significant consolidation in the sector.
About Pak Telecom Mobile Limited
Pak Telecom Mobile Limited (PTML) is a wholly owned subsidiary of PTCL, responsible for the company’s mobile telecommunications operations. The integration of Telenor Pakistan into PTML will create a more efficient and competitive mobile business.
