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ISLAMABAD: President and Group CEO of Pakistan Telecommunication Company Limited (PTCL) Hatem Bamatraf has warned that further delay in Competition Commission of Pakistan (CCP)’ decision regarding acquisition of Telenor Pakistan Pvt Ltd and Orion Towers may impact the agreement between the two companies, as the deadline is approaching nearer.
This he stated while announcing the PTCL group financial results for first quarter (Q1), 2025, ending March 31, 2025, which achieved double-digit revenue growth of 22 percent.
“We have submitted all the required documents and information to CCP, however the delay in announcing the decision regarding acquisition of Telenor Pakistan Pvt Ltd and Orion Towers is unusual”, said Group CEO, while urging for earlier decision to remove confusion and move forward.
According to the agreement the transactions regarding the acquisition were earlier set for December 2024, but due to delay, a new deadline of end June 2025 was set. Group CEO said that further delay in CCP decision may impact the agreement.
Group CEO and Chief Financial Officer (CFO) Nadeem Khan briefed the media, who claimed that the group’s robust performance solidifies its position as Pakistan’s top integrated telecom service provider.
PTCL group’s revenue grew by 22 percent year on year (YoY) to Rs 61.8 billion, enabled by robust growth in consumer segments, notably fixed broadband, and mobile data, complemented by significant contributions from enterprise and carrier wholesale services.
