PTCL Completes 108 Billion Rupee Acquisition of Telenor Pakistan

The completion of the acquisition is subject to regulatory approvals and customary closing conditions.

Press Release
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PTCL Completes 108 Billion Rupee Acquisition of Telenor Pakistan

PTCL, a division of e&, said that it has paid PKR 108 billion to acquire a 100% share in Telenor Pakistan, marking a significant milestone for the country’s telecom industry. The key players come together in this strategic merger to form a force that has the potential to completely transform connectivity.

The united company has unmatched advantages thanks to Telenor’s state-of-the-art technology and PTCL’s wide network coverage. For Pakistani consumers, this synergy promises improved coverage, seamless data experiences, and a greater selection of cutting-edge goods and services.

“This agreement unlocks immense potential for Pakistan’s digital transformation,” said CEO of PTCL & PTML Hatem Bamatraf. “Our combined team will leverage the best of both companies, accelerating innovation and delivering unparalleled value to customers and stakeholders.”

The CEO of e& Group, Hatem Dowidar, agrees, saying, “This acquisition strengthens our resolve to develop a next-generation network in Pakistan.” By funding technical development, we strengthen digital progress and build a more promising future for the country.”

The PTCL Board Chairman, Hassan Nasir Jamy, emphasizes the importance to the country: “PTCL has always been a driving force in connecting Pakistan.” With PTCL serving as the national champion, this merger bolsters our determination to build a thriving, digitally linked nation.”

While typical closing conditions and regulatory permissions are still in place, PTCL guarantees a seamless transfer to reduce any inconvenience to all parties involved. This momentous transaction doesn’t just mark a new page in Pakistan’s telecom story – it propels the entire sector into a new era defined by innovation and seamless connections. Get ready for a revolution in the way we stay connected!

This updated version, which is only 248 words long, highlights the main ideas and highlights the advantages for stakeholders, customers, and Pakistan’s digital future. Don’t forget to modify keywords and specifics according to your target audience and publication.

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