In continuation of proceedings under Section 11(6) of the Competition Act, 2010, the senior management of Pakistan Telecommunication Company Limited (PTCL) appeared before the bench of the Competition Commission of Pakistan (CCP). During the proceeding, PTCL presented a detailed briefing on the company’s proposed business plan, claimed efficiencies, and regulatory accounts. The briefing was in relation to its proposed acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited (TP) and Orion Towers (Private) Limited (OT). The bench, comprising CCP Chairman Dr. Kabir Ahmed Sidhu, Member Salman Amin, and Member Abdul Rashid Sheikh, actively engaged with the PTCL representatives and raised probing questions on various aspects of the proposed transaction. The Commission sought further clarity on key issues to ensure a comprehensive assessment of the merger’s impact on competition and consumers. The PTCL officials, while responding to queries, requested additional time to furnish certain data and information required by the Commission. The bench allowed time for submission of the requested material, which will form part of CCP’s ongoing Phase II Merger Review. The CCP initiated a Phase II review of the proposed merger to evaluate the competitive effects of the transaction on Pakistan’s telecom and tower markets, as required under the Competition Act. The Commission remains committed to ensuring that mergers and acquisitions do not result in the creation or strengthening of dominance in any relevant market to the detriment of competition or consumers.
In continuation of proceedings under Section 11(6) of the Competition Act, 2010, the senior management of Pakistan Telecommunication Company Limited (PTCL) appeared before the bench of the Competition Commission of Pakistan (CCP).
During the proceeding, PTCL presented a detailed briefing on the company’s proposed business plan, claimed efficiencies, and regulatory accounts. The briefing was in relation to its proposed acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited (TP) and Orion Towers (Private) Limited (OT).
The bench, comprising CCP Chairman Dr. Kabir Ahmed Sidhu, Member Salman Amin, and Member Abdul Rashid Sheikh, actively engaged with the PTCL representatives and raised probing questions on various aspects of the proposed transaction. The Commission sought further clarity on key issues to ensure a comprehensive assessment of the merger’s impact on competition and consumers.
The PTCL officials, while responding to queries, requested additional time to furnish certain data and information required by the Commission. The bench allowed time for submission of the requested material, which will form part of CCP’s ongoing Phase II Merger Review.
The CCP initiated a Phase II review of the proposed merger to evaluate the competitive effects of the transaction on Pakistan’s telecom and tower markets, as required under the Competition Act. The Commission remains committed to ensuring that mergers and acquisitions do not result in the creation or strengthening of dominance in any relevant market to the detriment of competition or consumers.
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