Catenaa, Tuesday, January 13, 2026-Norwegian telecom operator Telenor has finalized the sale of its Pakistani unit to e&-backed PTCL for 5.4 billion kroner (Abt US$530 million), completing its exit from the country more than two years after the deal was first announced.
The transaction is subject to minor end-of-year adjustments, with the overall valuation unchanged.
Telenor Pakistan’s sale comes as part of Telenor Group’s strategy to focus on market-leading positions in Asia. The company received nearly NOK900 million (US$90 million) in cash flow from the business during the interim period.
Telenor’s remaining Asian operations include majority ownership of Bangladesh’s Grameenphone and the Malaysian merger of Digi with Celcom to form CelcomDigi, the country’s largest mobile operator.
In Pakistan, Telenor had ranked third in the mobile market behind Jazz and Zong. The merged PTCL-Telenor entity will hold roughly 35.4% market share, positioning it as the second-largest operator and improving its ability to compete.
Regulatory approval took time, with the Competition Commission of Pakistan and the Pakistan Telecommunication Authority reviewing PTCL’s compliance and market position.
Telenor’s CEO, Benedicte Schilbred Fasmer, highlighted the company’s commitment to its remaining Asian operations and thanked employees, partners, and customers for their contributions to the business.
The sale allows Telenor to focus on consolidating its leading positions elsewhere while leaving Pakistan’s telecom market to a merged PTCL operation subject to ongoing regulatory oversight.
