PTCL has witnessed a significant surge in its share price on the Pakistan Stock Exchange, fueled by optimism surrounding its proposed acquisition of Telenor Pakistan.
The stock has rallied over 40% since October 7, 2024, as investors anticipate the positive impact of the merger. The Competition Commission of Pakistan (CCP) has recently concluded public hearings on the deal, expressing no major concerns.
PTCL’s acquisition of Telenor Pakistan is expected to bring several benefits, including increased network capacity, accelerated technological advancements, and the rollout of 5G services. These factors are poised to enhance PTCL’s competitiveness and market position.
Industry analysts believe that the merged entity will be more financially robust, drive innovation, and attract foreign direct investment. This positive outlook has fueled investor confidence and contributed to the surge in PTCL’s share price.
As the merger progresses, PTCL is committed to complying with all regulatory requirements and ensuring a smooth transition. The successful completion of the deal could position PTCL as a dominant player in the Pakistani telecommunications market.
