Islamabad, August 20, 2024 – The Competition Commission of Pakistan (CCP) has initiated a Phase II Merger analysis in response to the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (Private) Limited.
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PTCL Secures $400 Million Loan from IFC for Strategic Acquisition
Karachi, June 28, 2024 – Pakistan Telecommunication Company Limited (PTCL) has secured a $400 million loan from the International Finance Corporation (IFC). In a communication shared with the Pakistan Stock Exchange (PSX) on Friday, PTCL announced that the IFC Board of Directors has approved the debt financing to support PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited.
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PTCL Battles Extensive Tax Contingencies into 2024
Karachi, May 7, 2024 – Pakistan Telecommunication Company Limited (PTCL) has unveiled a comprehensive report on its tax contingencies for the fiscal year ending December 31, 2023.
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PTCL Declares Rs 4.79 Billion Loss in 1QCY24
Pakistan Telecommunication Company Limited (PTCL) has reported a substantial loss of Rs 4.79 billion for the first quarter of 2024, according to the financial results released on Thursday. This news comes amidst a challenging economic landscape and evolving market dynamics.
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PTCL Secures Debt Financing for Telenor Pakistan Acquisition
Pakistan Telecommunication Company Limited (PTCL) has announced that it has secured a significant debt financing deal of up to $400 million from the International Finance Corporation (IFC), the investment arm of the World Bank.
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CCP Examines Request for PTCL and Telenor Merger
Islamabad, March 26, 2024 – The Competition Commission of Pakistan (CCP) has announced its examination of the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor, aiming to address concerns and ensure transparency in the process.
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PTCL Records Widening Annual Losses at Rs 14.15 Billion in 2023
Karachi, February 13, 2024 – Pakistan Telecommunication Company Limited (PTCL) revealed on Tuesday that its annual losses for the calendar year 2023 widened to Rs 14.15 billion, as reported in the financial statement shared with the Pakistan Stock Exchange (PSX).
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PTCL Acquires Telenor Pakistan in Landmark Telecom Deal
Karachi, December 14, 2023 – The Pakistan Telecommunication Company Limited (PTCL) has formally announced its acquisition of 100 percent shares in Telenor Pakistan Limited (TPL).
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PTCL Reports Significant 78% Decline in Profit for Q3 2023
Karachi, October 17, 2023 – Pakistan Telecommunication Company Limited (PTCL) announced a substantial 78% decline in profit after tax for the third quarter of the calendar year 2023.
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PTCL Reports 54% Decline in Quarterly Net Profit
Karachi, July 19, 2023 – Pakistan Telecommunication Company Limited (PTCL) announced a staggering 54 percent decline in net profit for the quarter ending June 30, 2023.
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