Islamabad, Jan 27: The Pakistan Telecommunication Company (PTCL) Group recently addressed concerns raised by the Competition Commission of Pakistan (CCP) regarding its acquisition of Telenor Pakistan and Orion Towers. PTCL emphasized that all required information was submitted in line with the acquisition process, countering claims that it had failed to comply with CCP’s requests.
The controversy arose when a CCP official stated in a talk show that PTCL had not provided all necessary information, which could potentially delay the decision on the acquisition. PTCL swiftly responded, reaffirming its full compliance with CCP’s directives and asserting that no further documents were pending. The company also clarified that any concerns were communicated through their legal team.
Addressing rumors of recent conditions being imposed by the CCP, PTCL clarified that proposed conditions had been received on December 20, 2024. The company took immediate steps to address these, countering claims of delayed responses. This clarification is in stark contrast to earlier reports that suggested ongoing communications regarding the acquisition. 
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The acquisition process began with PTCL submitting its pre-merger application on February 29, 2024. The review process then entered its second phase on July 31, following the preliminary order issued by CCP on May 3. Over the course of several months, five public hearings were conducted between September 30 and October 24, 2024, with the final session held on December 17, 2024, to discuss the conditions set forth by the CCP. PTCL’s transparent communication throughout the process underlines their commitment to complying with all regulatory requirements, ensuring the acquisition progresses smoothly.
