Pakistan Telecommunication Company Limited (PTCL) has announced a major milestone in the integration of its mobile operations after the Islamabad High Court approved the proposed Scheme of Amalgamation to merge Telenor Pakistan (Private) Limited (TP) into Pak Telecom Mobile Limited (PTML), both of which are wholly owned subsidiaries of PTCL. The company disclosed the development to the Pakistan Stock Exchange (PSX) through a material information notice dated June 30, 2026.
According to the approved scheme, the entire business of Telenor Pakistan, including all of its assets, liabilities, rights, and obligations, will be transferred to and vested in PTML as a going concern. This move is intended to streamline PTCL Group’s mobile operations under a single legal entity while ensuring business continuity.
As part of the restructuring, PTCL’s entire shareholding in Telenor Pakistan will be cancelled following the merger. Once the amalgamation process is completed, Telenor Pakistan will be dissolved without undergoing a separate winding-up process, and its name will be removed from the records maintained by the Registrar of Companies.
The court’s approval represents a significant step in PTCL’s ongoing transformation strategy following its acquisition of Telenor Pakistan. By consolidating the operations into PTML, the group aims to simplify its corporate structure, improve operational efficiency, and strengthen its position in Pakistan’s competitive telecommunications sector.
PTCL has informed the Pakistan Stock Exchange that the disclosure has been made in accordance with the Securities Act, 2015, and the PSX Rule Book governing the reporting of price-sensitive information. The company has also requested the exchange to notify TRE Certificate holders of the development.
