KPMG exit won’t affect oversight of major telecom merger

Independent oversight of Pakistan’s largest telecom merger will continue uninterrupted despite a reported decision by KPMG to exit Pakistan, with the Competition Commission of Pakistan (CCP) confirming that compliance monitoring under the PTCL–Telenor merger remains fully intact, official sources told Business Recorder. The official sources said the five-year monitoring framework—covering compliance reviews, transaction audits and quarterly reporting—will continue through the Independent Third-Party Reviewer (TPR) appointed under the merger conditions. The sources maintained that the reported exit by KPMG would not affect the arrangement, as other partners associated with the engagement would continue to discharge the reviewer’s responsibilities.