Ongoing exit process in Pakistan: Telenor Group reports first approval from CCP

Telenor Group said the first approval from Competition Commission of Pakistan (CCP) was received in conjunction with the ongoing exit process in Pakistan, however, the expected closing of the transaction may slip into 2026. The Group in the third quarter report stated that in Pakistan, macroeconomic indicators have improved slightly but remain vulnerable to external shocks and political volatility. Telenor signed an agreement to sell 100 percent of its Pakistan telco operations to Pakistan Telecommunications Company Ltd (PTCL) in December 2023. On 30 September 2025, the CCP has approved the transaction. With this milestone reached, Telenor is seeking approval from the Pakistan Telecommunication Authority (PTA) to complete the transaction. Telenor Pakistan is not presented as discontinued operation as there are uncertainties related to remaining regulatory approvals and other customary terms and conditions attached to the agreement.