Islamabad February 2 2025: The transaction for the merger of two large telecom companies in Pakistan has not been reported to SECP for approval so far.
It should be noted that SECP only sanctions schemes of arrangements in respect of small sized companies and public sector companies to the extent of the Federal Government, which is not relevant in the mentioned transaction, said a press release issued here on Friday.
It also provides feedback on petitions filed for sanction by the relevant courts, in a timely manner.
Accordingly, the reports of delay in approving the transaction by SECP is incorrect, and no such feedback is pending at our end.
Meanwhile, The Competition Commission of Pakistan (CCP) remains committed to addressing concerns in the ongoing Phase II Merger Review of PTCL’s proposed acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited.
