The Competition Commission of Pakistan (CCP) has finalized all formalities for the Phase-II review of Pakistan Telecommunication Company Limited’s (PTCL) acquisition of 100% shareholding in Telenor Pakistan Pvt Ltd and Orion Towers Pvt Ltd.
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PTCL Reports Rs 6.3 Billion Quarterly Loss Amid Revenue Growth
Pakistan Telecommunication Company Limited (PTCL) has reported a substantial net loss of Rs 6.3 billion for the third quarter ending on September 30, 2024, a significant increase from the Rs 2.8 billion loss recorded during the same period last year. This financial setback comes despite notable improvements in the company’s revenue and gross profit.
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CCP Moves to Phase II Analysis in PTCL-Telenor Merger
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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