Islamabad court approves Telenor Pakistan merger into PTCL's PTML

Pakistan's Islamabad High Court has approved the merger of Telenor Pakistan into Pak Telecom Mobile Limited (PTML), a wholly owned mobile subsidiary of Pakistan Telecommunication Company Limited (PTCL).

The approval came through a court order dated June 30, 2026, PTCL said in a notice filed with the Pakistan Stock Exchange.

What did the Islamabad High Court approve in the Telenor Pakistan merger?

The court approved a Scheme of Amalgamation and Arrangement between Telenor Pakistan and PTML, both wholly owned PTCL subsidiaries. Under the scheme, all of Telenor Pakistan's assets, liabilities and obligations will transfer to and vest in PTML as a going concern. The order formalizes PTCL's plan to combine the two entities into a single legal structure.

Why is PTCL merging Telenor Pakistan into PTML?

PTCL said the merger is meant to consolidate the operations of its two mobile subsidiaries under one legal entity. The company described the court's approval as a significant milestone in integrating Telenor Pakistan into its mobile business. It follows PTCL's earlier acquisition of the Telenor Pakistan operator.

What happens to Telenor Pakistan after the merger is completed?

Once the amalgamation is finalized, PTCL's entire shareholding in Telenor Pakistan will be canceled. Telenor Pakistan will be dissolved without going through a formal winding-up process. Its name will then be removed from the records maintained by the Registrar of Companies.

How did PTCL disclose the court's approval?

PTCL classified the Islamabad High Court's approval as price-sensitive information in its filing with the Pakistan Stock Exchange. The disclosure was made in line with applicable reporting requirements for listed companies. PTCL said the approval paves the way for completing the remaining legal and corporate consolidation steps.