Telenor Pakistan, Ufone formally merge after IHC approval

ISLAMABAD: Telenor Pakistan has been formally amalgamated into Pak Telecom Mobile Limited (PTML) from Wednesday, as final statutory approval has been granted by the Islamabad High Court (IHC). Telenor Pakistan has ceased to exist as a separate legal entity, and the amalgamation marks the completion of one of the most significant transactions in the country’s telecommunications history. The merged telecom company is now a wholly owned subsidiary of PTCL and will operate as PTML. Data released ...

By none@none.com (Kalbe Ali)