PTCL Secures Complete Control of Telenor Pakistan and Orion Towers After Deal Closure

Pakistan Telecommunication Company Limited (PTCL) has officially completed the acquisition of 100% shareholding of Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited, marking a major consolidation in Pakistan’s telecom sector.

In a notice submitted to the Pakistan Stock Exchange (PSX) on December 31, 2025, PTCL confirmed that the transaction has been finalized and the shares of both companies have been duly transferred in PTCL’s name. The disclosure was made under Rule 5.6.1 of the PSX Rule Book and Section 96 of the Securities Act, 2015. The acquisition follows a series of phased disclosures made by PTCL between January 2023 and December 2025, keeping regulators and investors informed as the transaction progressed.

With the completion of this deal, PTCL significantly strengthens its footprint in Pakistan’s telecommunications market, gaining full control over Telenor Pakistan’s operations and Orion Towers’ infrastructure assets. PTCL stated that any further developments related to the transaction will be communicated to the PSX in line with applicable laws and regulations.

The notice was signed by Zahida Awan, Company Secretary of PTCL, and copied to the Securities and Exchange Commission of Pakistan (SECP) and PSX’s Listed Companies Compliance department. This acquisition is expected to reshape competitive dynamics in the telecom industry, with investors now watching closely for PTCL’s integration strategy and its impact on market performance.