Pakistan Telecommunication Company Limited (PSX: PTC) has received formal approval from the Islamabad High Court for the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited (PTML), both wholly owned subsidiaries of the state-run telecom operator. The court order, dated June 30, 2026, approves the Scheme of Amalgamation, marking a significant milestone in the consolidation of Pakistan’s telecommunications sector.
Under the court-approved scheme, the entire undertaking of Telenor Pakistan, including all assets, liabilities, and obligations, will be transferred to and vested in PTML as a going concern. PTC’s entire shareholding in Telenor Pakistan will be cancelled, and Telenor Pakistan will stand dissolved without winding up, with its name struck off from the records of the Registrar of Companies.
Transaction Structure
| Aspect | Detail |
|---|---|
| Parent Company | Pakistan Telecommunication Company Limited (PSX: PTC) |
| Absorbing Entity | Pak Telecom Mobile Limited (PTML) |
| Target Entity | Telenor Pakistan (Private) Limited |
| Approval Authority | Islamabad High Court |
| Effective Date | June 30, 2026 |
| Outcome | Telenor Pakistan dissolved; all assets, liabilities transferred to PTML |
Strategic Rationale
The amalgamation consolidates PTCL’s mobile operations under a single subsidiary, PTML, which operates consumer brands including Ufone, Telenor, and Onic. The merger is expected to streamline operations, reduce administrative complexity, and create a more efficient mobile telecommunications platform capable of competing effectively in Pakistan’s dynamic telecom market.
This follows the successful closure of Telenor’s exit from Pakistan’s telecommunications sector earlier this year, which secured final regulatory approval for the sale of its local telecom operations in a transaction valued at approximately $490 million. With the court’s approval now secured, the integration of Telenor Pakistan’s operations into PTML marks the final step in the consolidation process.
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 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 creates a more efficient and competitive mobile business.
