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Aftab Maken
ISLAMABAD: The Competition Commission of Pakistan (CCP) has expressed dissatisfaction with the proposed business plan for the merger of Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan
During ongoing proceedings under Section 11(6) of the Competition Act, 2010, the CCP directed PTCL’s management to submit a revised plan with more detailed information, said an official announcement of the CCP released after the meeting.
Senior management from PTCL appeared before a CCP bench to present a comprehensive briefing on the company’s proposed business plan, claimed efficiencies, and regulatory accounts. This briefing was in relation to its planned acquisition of 100% of the shareholdings in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited.
The CCP bench, comprised of Chairman Dr. Kabir Ahmed Sidhu, Member Salman Amin, and Member Abdul Rashid Sheikh, actively engaged with the PTCL representatives. The bench posed detailed questions on various aspects of the proposed transaction, seeking further clarity on key issues. The commission’s goal is to conduct a thorough assessment of the merger’s potential impact on market competition and consumer welfare before granting its final approval.
This decision marks a significant step in the regulatory process, indicating that the CCP is taking a rigorous approach to ensure that the proposed merger does not adversely affect the competitive landscape of Pakistan’s telecommunications sector.
