Three months later, PTCL’s acquisition of Telenor continues through sluggish approval process

ISLAMABAD: The Competition Commission of Pakistan (CCP) is on the brink of finalizing the first phase of the merger process involving the takeover of Telenor Pakistan by PTCL. Sources within the Commission have revealed that the teams have diligently gathered all necessary documents from relevant stakeholders, with the analysis anticipated to successfully conclude by March 30.

According to the provisions outlined in the Competition Act, 2010, the Phase-I review of mergers must be completed within 30 days following the acceptance of the application. This initial phase primarily aims to ascertain whether the merger would bolster a dominant market position.