ISLAMABAD:

The Competition Commission of Pakistan (CCP) on Wednesday approved the much-awaited acquisition of mobile services company Telenor by Pakistan Telecommunication Company Limited (PTCL) after a long wait of 18 months.

"This is one of the most complicated transactions in the entire world," CCP Chairman Dr Kabir Ahmed Sidhu remarked while announcing the approval of PTCL-Telenor merger. He elaborated that strict conditions had been attached to the deal to discourage the creation of a monopoly and to avoid anti-competitive practices.

The CCP has approved the acquisition of 100% shareholding in Telenor Pakistan and Orion Towers by PTCL, subject to extensive conditions designed to preserve competition, ensure non-discriminatory access and secure the pass-through of efficiencies to co

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