Islamabad, Apr 22, 2025: Pakistan Telecommunication Company Limited (PTCL) President and Group CEO, Hatem Bamatraf, has expressed concern over potential consequences if the Competition Commission of Pakistan (CCP) delays its decision on the acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers.
With the deadline fast approaching, he emphasized that any further holdup might jeopardize the deal between the two parties.
This statement was made during the announcement of PTCL Group’s financial results for the first quarter of 2025, which showed an impressive 22% year-on-year revenue growth.
“We have provided all necessary documentation to the CCP, but the delay in finalizing the acquisition of Telenor Pakistan and Orion Towers is unexpected,” Bamatraf noted, urging swift action to eliminate any uncertainty and progress with the deal. Originally slated for December 2024, the transaction timeline has now been extended to June 2025.
According to Bamatraf, any further delay could negatively affect the agreement.
Alongside him, Group CEO and CFO Nadeem Khan highlighted PTCL’s strong performance, reinforcing its status as the leading telecom service provider in Pakistan.
PTCL’s revenue surged by 22% to Rs61.8 billion, driven by significant growth in consumer sectors like fixed broadband and mobile data.
The company also saw substantial contributions from its enterprise and carrier wholesale services.
Read More: PTCL Group Achieves Double Growth in Q1 2025
The company’s consumer segment experienced notable success, with Flash Fiber revenue soaring by 70% and Business Solutions seeing a 23% increase compared to the same quarter in 2024.
PTCL’s Enterprise Business grew by 23%, while the Carrier and Wholesale sectors registered a 24% rise in revenue. The International segment also saw an 8% increase in revenue.
PTCL’s operating profit reached Rs4.1 billion, marking a 40% rise from Q1 2024, and its net profit reached Rs1.2 billion.
PTML (Ufone 4G) saw a 21% revenue increase compared to the previous year, along with an 11% rise in operating profit, owing to improved customer engagement and a broadened range of digital services.
U Microfinance Bank (UBank) posted an impressive 77% revenue growth, reflecting its strong financial performance.
PTCL Group continues to drive Pakistan’s “Digital Pakistan” vision by providing crucial infrastructure and connectivity.
The company’s aggressive expansion of Fiber-to-the-Home (FTTH) services has been a major contributor to its growth.
In Q1 2025, PTCL’s Flash Fiber service surpassed 700,000 customers, driving a 70% revenue growth in this segment.
PTCL also led digital transformation efforts by launching Pakistan’s first WhatsApp-based bill payment service, offering customers added convenience and security in paying their monthly PTCL bills, furthering the progress towards a “Digital Pakistan.”
Ufone 4G continued to innovate with products like the “Super 5” package, a solution designed for group communications, allowing families and small teams to share resources and enjoy uninterrupted connectivity.
PTCL Group’s business services sector maintained its leadership in key areas like IP Bandwidth, Cloud, Data Center, and other ICT services.
The company’s social impact initiatives also made a significant difference. Under its “Dil Se” platform, PTCL supported various programs, including providing opportunities for talented entrepreneurs through its “Ba-Ikhtiar” program.
One of the initiatives featured designing the Peshawar Zalmi team’s kit, which symbolizes empowerment and resilience.
This quarter, PTCL also partnered with Pink Collar to host Pakistan’s first Women Career Summit in Lahore, connecting aspiring entrepreneurs with industry leaders and offering valuable networking opportunities.
