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PTCL clears Telenor takeover

PTCL shareholders approve full acquisition of Telenor Pakistan

Umar Salman November 21, 2025 0
PTCL shareholders have approved the full acquisition of Telenor Pakistan and Orion Towers, along with a $400 million financing plan involving global lenders.
PTCL shareholders have approved the full acquisition of Telenor Pakistan and Orion Towers, along with a $400 million financing plan involving global lenders.

Pakistan Telecommunication Company Limited (PTCL) has taken a major step in the telecom sector by approving the full acquisition of Telenor Pakistan and Orion Towers. The decision was confirmed during the company’s 9th Extraordinary General Meeting held on November 20, 2025.

 

According to the update shared after the meeting, shareholders voted in favour of PTCL buying 100% shares of both companies from Telenor Pakistan BV. The deal follows a share purchase agreement first signed in December 2023.

 

PTCL shareholders also approved a plan to arrange up to $400 million in financing. The funding may come from the International Finance Corporation (IFC), Silk Road Fund (SRF), British International Investment (BII) and other global lenders. This financing will be processed under a Common Terms Agreement finalised on June 27, 2024.

 

The meeting further endorsed all earlier board decisions linked to the acquisition and financing. It also allowed the PTCL Board of Directors to complete all formalities, including regulatory approvals, legal steps and the appointment of advisors required to close the transaction

s.

 

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