ISLAMABAD: The Pakistan Tele­com­munication Company Ltd (PTCL) on Tues­day presented a detailed business development plan to the Competition Commission of Pakistan (CCP), marking a crucial step in the ongoing process of acquiring Telenor Pakistan. This submission comes after the CCP had earlier agreed to the acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers, contingent on certain conditions.

The CCP had raised multiple concerns regarding PTCL’s proposed takeover, particularly its ongoing financial losses. Despite these concerns, the commission granted conditional approval, allowing PTCL to proceed with the acquisition, provided the company made significant investments in the country’s telecom sector.

During the hearing, which was chaired by CCP Chairman Dr Kabir Ahmed Sidhu, along with members Salman Amin and Abdul Rashid Sheikh, PTCL responded to the CCP’s objections. The commission had previously requested a........

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