Pakistan telecom authority approves PTCL’s $400 million deal to acquire Telenor

Telenor logo is seen displayed in this illustration taken, on May 3, 2022. (REUTERS/File)
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Updated 07 December 2025
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Pakistan telecom authority approves PTCL’s $400 million deal to acquire Telenor

  • Deal will see PTCL’s mobile arm Ufone merge with Telenor Pakistan to create second-largest mobile operator
  • Regulator says will closely monitor transaction, urges both companies to ensure continuity, quality of services 

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) announced this week it has granted a no objection certificate to the Pakistan Telecommunication Company Limited (PTCL) to push ahead with its $400 million deal to acquire Telenor Pakistan. 

The major acquisition, which was announced earlier this year, will merge PTCL’s mobile arm Ufone with Telenor Pakistan to create the country’s second-largest mobile operator.

The development takes place as Pakistan’s telecom industry faces rising costs and regulatory pressures.

 “PTA evaluated the transaction’s impact on market competition and consumer interests, and consulted relevant government bodies to ensure full compliance with statutory requirements,” the authority said in a statement issued late Saturday. 

The PTA said both companies must ensure continuity and quality of services to consumers, urging them to uphold all license obligations during the transaction. 

“PTA will closely monitor the process to safeguard consumer rights and maintain a competitive and forward-looking telecom sector,” it added. 

PTCL had earlier said the acquisition will improve customer experience, enhance network quality and coverage, while enabling the whole sector to achieve greater efficiency, build resilient infrastructure and create a more competitive landscape. 

The deal is expected to reshape Pakistan’s telecom landscape, which has four major operators but remains under pressure from thin margins, high spectrum fees and heavy capital expenditure needs.


Pakistan graft survey echoes IMF warning on weak governance, public dissatisfaction

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Pakistan graft survey echoes IMF warning on weak governance, public dissatisfaction

  • Most Pakistanis say they were not compelled to pay bribes, but distrust remains high in anti-corruption efforts
  • PM Shahbaz Sharif calls report a recognition of his government’s efforts to fight corruption, promote transparency

ISLAMABAD: Governance weaknesses flagged by the International Monetary Fund (IMF) appeared to align with findings from Pakistan’s latest corruption perception survey, analysts said on Tuesday, as Transparency International Pakistan (TI-Pakistan) reported widespread public dissatisfaction with the state’s accountability mechanisms.

TI-Pakistan’s National Corruption Perception Survey (NCPS) 2025 found that 58 percent of respondents fully or partly agreed that the IMF program and Pakistan’s removal from the Financial Action Task Force’s grey list had helped stabilize the economy.

“Encouragingly, a majority of Pakistanis (66 percent) nationwide reported that they did not experience a situation where they felt compelled to offer a bribe to access any public service,” said the survey. “Sindh recorded the highest proportion of respondents paying a bribe to access public service (46 percent), followed by Punjab (39 percent), Balochistan (31 percent) and Khyber Pakhtunkhwa (20 percent).”

In this context, 77 percent said they were unhappy with the government’s anti-corruption performance.

However, Prime Minister Muhammad Shehbaz Sharif expressed satisfaction over the report in a statement, saying “a large majority of citizens said they did not face corruption during our government’s tenure” which is “recognition of our efforts to fight corruption and promote transparency.”

“It is highly encouraging that most citizens considered the government’s measures for economic recovery to be successful,” he said.

“We worked on a priority basis to establish a system grounded in merit and transparency across all sectors of government, and we are continuing to build on these efforts,” he added.

Economist and former finance ministry adviser Dr. Khaqan Najeeb said the survey highlighted the same structural weaknesses identified by the IMF’s Governance and Corruption Diagnostic, published on Nov. 20 at the international lender’s request, which said Pakistan suffers from “persistent and widespread corruption vulnerabilities” rooted in a state-dominated economy, weak regulatory capacity, and inconsistent enforcement.

“Transparency International Pakistan’s National Corruption Perception Survey does suggest progress in reducing low-level, day-to-day bribery, but it does not contradict the IMF’s governance findings,” he told Arab News. “Instead, it highlights that Pakistan’s real challenge lies in deeper, systemic weaknesses in transparency, oversight and institutional accountability.”

“While public perception has improved, it does not mean the underlying governance issues identified by the IMF have been resolved,” he argued, adding that addressing those will require sustained reforms, stronger institutions and consistent enforcement.

Political analyst Mazhar Abbas said the report was going to be used by the government to bolster its economic narrative.

“Survey reports have usually been tilted in favor of the government, and this report is no different,” he told Arab News. “The government will certainly use it to support its narrative of an improved economy, as the report states that a majority of respondents partially or fully agree that the government has successfully stabilized the economy through the IMF agreement and by exiting the FATF grey list.”

Abbas added it was difficult to either challenge or endorse the findings of the report without knowing who was interviewed and who the respondents were.

“The police have consistently been at the top of Transparency International’s corruption perception reports, whereas there may be other organizations where the frequency and volume of corruption are even higher,” he continued, adding that since the police are a public-dealing organization and consistently top the corruption perception index, it suggested that most respondents are from the general public, who may either lack access to or knowledge of corrupt practices in other organizations.

Islamabad-based social-sector development consultant Muhammad Qasim Jan said the survey should be seen as a barometer of public sentiment rather than an empirical measure of corruption.

“The National Corruption Perception Survey 2025 offers a sobering snapshot of how Pakistanis view corruption and accountability,” he told Arab News. “At the same time, the absence of basic methodological detail means the results should be interpreted with caution, especially when citing national percentages or making population-wide claims.”