CCP Concludes Public Hearings on PTCL’s Acquisition of Telenor Pakistan
CCP Concludes Public Hearings on PTCL’s Acquisition of Telenor Pakistan
The Competition Commission of Pakistan (CCP) recently concluded the Phase II Merger Review concerning PTCL’s proposed acquisition of 100% shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited.
Since September 30, 2024, the CCP has conducted five in-depth hearings, including sessions on October 2, 3, 22, and 24. Led by Chairman Dr. Kabir Ahmed Sidhu, with Members Salman Amin and Abdul Rashid Sheikh, the review process has involved extensive discussions about the acquisition’s impact on Pakistan’s telecom sector.
During the latest hearing, Senior Counsel for PTCL Rahat Kaunain Hassan, supported by PTCL’s Counsel Mariam Saleem Malik, responded to concerns raised by stakeholders like Wateen, Jazz, and CM Pak (Zong). The CCP Bench facilitated an open dialogue, allowing all involved parties to share their insights.
PTCL highlighted the competitive advantages of the acquisition, such as narrowing the market share gap between leading telecom providers and driving advancements in network capacity, cost-efficiency, and the rapid deployment of 5G services. PTCL assured the Bench of its commitment to full compliance with Pakistan Telecommunication Authority’s (PTA) future Spectrum Sharing Framework and all other regulatory requirements.
Jazz and Wateen, however, reiterated their concerns regarding industry issues, particularly in areas like tariff regulations, infrastructure sharing, national roaming, and the operations of Cellular Mobile Operators (CMOs).
According to sources, PTCL views the merger as an opportunity to enhance Pakistan’s telecom industry by boosting competitiveness, efficiency, and sustainability while driving innovation and the rollout of new services. PTCL also believes that the combined entity would attract foreign direct investment (FDI) by creating a financially robust, investor-friendly environment.
The CCP’s official statement affirmed its commitment to addressing potential competition risks to safeguard consumer welfare and market integrity.The Competition Commission of Pakistan (CCP) recently concluded the Phase II Merger Review concerning PTCL’s proposed acquisition of 100% shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited.
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Since September 30, 2024, the CCP has conducted five in-depth hearings, including sessions on October 2, 3, 22, and 24. Led by Chairman Dr. Kabir Ahmed Sidhu, with Members Salman Amin and Abdul Rashid Sheikh, the review process has involved extensive discussions about the acquisition’s impact on Pakistan’s telecom sector.
During the latest hearing, Senior Counsel for PTCL Rahat Kaunain Hassan, supported by PTCL’s Counsel Mariam Saleem Malik, responded to concerns raised by stakeholders like Wateen, Jazz, and CM Pak (Zong). The CCP Bench facilitated an open dialogue, allowing all involved parties to share their insights.
PTCL highlighted the competitive advantages of the acquisition, such as narrowing the market share gap between leading telecom providers and driving advancements in network capacity, cost-efficiency, and the rapid deployment of 5G services. PTCL assured the Bench of its commitment to full compliance with Pakistan Telecommunication Authority’s (PTA) future Spectrum Sharing Framework and all other regulatory requirements.
Jazz and Wateen, however, reiterated their concerns regarding industry issues, particularly in areas like tariff regulations, infrastructure sharing, national roaming, and the operations of Cellular Mobile Operators (CMOs).
According to sources, PTCL views the merger as an opportunity to enhance Pakistan’s telecom industry by boosting competitiveness, efficiency, and sustainability while driving innovation and the rollout of new services. PTCL also believes that the combined entity would attract foreign direct investment (FDI) by creating a financially robust, investor-friendly environment.
The CCP’s official statement affirmed its commitment to addressing potential competition risks to safeguard consumer welfare and market integrity.
