Announced
Financials
Sources
Tags
Cross Border
Pakistan
wireless network operator
Telecommunications Services: Other
Acquisition
Private
Majority
Single Bidder
Friendly
Pending
Synopsis
PTCL, a national telecommunication company in Pakistan, agreed to acquire Telenor Pakistan, a Pakistani wireless network operator, from Telenor Group, a majority state-owned multinational telecommunications company, for $487m. The combined infrastructure assets of both entities are so complementary that the integration is expected to unlock value in synergies mainly from networks.
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