Telenor Pakistan And Ufone Officially Merge Into PTML
A major development has arrived that could permanently reshape Pakistan’s telecom industry. Telenor Pakistan, which has been providing mobile services across the country for more than two decades, has now officially ceased to exist as a separate legal entity. In its place, Pak Telecom Mobile Limited (PTML) has taken over. PTML is the corporate name of Ufone, and it now includes Telenor Pakistan’s entire mobile network, employees, and customer base following the merger.
At the same time, PTCL has separated its operations from the merged mobile company and will now function independently, in line with the conditions set by the Competition Commission of Pakistan (CCP).
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Quick Answer
Telenor Pakistan has been legally amalgamated into PTML (Ufone) after the Islamabad High Court’s final approval on June 30, 2026. Telenor Pakistan no longer exists as a separate company. PTML now runs as a standalone mobile subsidiary of PTCL, while PTCL itself continues its fixed-line and broadband business separately.
Quick Info Table
| Detail | Information |
| Merger Completed | July 2026 |
| Court Approval | Islamabad High Court, June 30, 2026 |
| New Combined Entity | Pak Telecom Mobile Limited (PTML) |
| Market Position | Pakistan’s second-largest mobile operator |
| Combined Subscribers | Around 72 to 74 million |
| Parent Company | Pakistan Telecommunication Company Limited (PTCL) |
| Original Deal Value | Roughly NOK 5.3 billion (about US $547 million) |
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Why Did This Merger Happen?
PTCL had been eyeing Telenor’s exit from Pakistan for more than two years. Telenor Group, the Norwegian parent, has been quietly stepping back from several Asian markets, including a similar exit from Thailand and reported plans to reconsider its Bangladesh operations.
For PTCL, buying Telenor gave the company a rare shortcut: a bigger customer base, extra spectrum, and a stronger footing against Jazz, the current market leader.
How the Deal Unfolded
The path to this merger was long and layered with regulatory checkpoints.
- December 2023: PTCL first announced its intention to acquire Telenor Pakistan.
- December 31, 2025: PTCL formally acquired 100% shares of Telenor Pakistan and Orion Towers.
- October 2025: The Competition Commission of Pakistan cleared the acquisition, but with conditions attached.
- March 19, 2026: The Pakistan Telecommunication Authority approved the amalgamation of PTML and Telenor Pakistan.
- June 30, 2026: The Islamabad High Court gave the final legal sign-off under the Companies Act, 2017.
- July 2026: Telenor Pakistan was formally dissolved and merged into PTML.
Justice Khadim Hussain Soomro, who presided over the case, noted that the arrangement was fair to shareholders and creditors and did not go against public interest.
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What Changes for PTCL?
This is where many readers get confused. PTCL is not disappearing. It is simply stepping away from the mobile business. oing forward, PTCL will keep running its landline, broadband, and enterprise services on its own. The mobile side of the business, meaning Ufone and the absorbed Telenor operations, will sit entirely under PTML as a separate, wholly owned subsidiary.
Alongside the merger, PTCL also reshuffled its leadership. Mohammad Nadeem Khan took over as interim CEO for a two week period starting July 2, 2026, replacing Hatem Bamatraf. The board saw changes too, with Zarrar Hasham Khan named chairman and two new directors joining after earlier resignations.
What Happens to Ufone and Telenor Customers?
For everyday users, the biggest question is simple: will my SIM still work?
The answer is yes, at least for now.
- Existing Telenor and Ufone SIMs will continue functioning as usual during the transition.
- Network integration is already underway, which should eventually mean wider coverage and fewer dead zones.
- PTML has promised no service disruption while systems are merged in the background.
- Long term, industry watchers expect the Ufone and Telenor brand names to gradually disappear, replaced by the “e&” identity used globally by the UAE based e& group.
An Ufone executive has also cautioned that a portion of the combined subscriber base, estimated around 4 million out of roughly 74 million users, could switch to other networks in the coming months as the transition settles.
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Where Does PTML Stand in the Market Now?
According to Pakistan Telecommunication Authority data from the end of May 2026, the country had more than 206 million mobile subscribers in total.
- Jazz remains number one with roughly 36.4% market share.
- Zong holds second place among individual brands with close to 26.6%.
- PTML (the merged Ufone-Telenor entity) now sits at nearly 36% combined share, making it a serious challenger for the top spot.
This effectively narrows Pakistan’s mobile market down to three major players: Jazz, Zong, and the newly combined PTML.
What This Means for the Industry
Analysts tracking the Pakistan Stock Exchange have noted a sharp jump in PTCL’s share price since the acquisition was first announced. Shares that traded between roughly Rs. 22 and Rs. 24 in late 2023 have climbed to around Rs. 71, reflecting investor confidence in the consolidated entity.
A bigger, better funded PTML is also expected to accelerate 5G rollout across Pakistan, since combined spectrum holdings and infrastructure give the company more room to invest in next generation networks.
Key Takeaways for Pakistani Consumers
- Telenor Pakistan no longer exists as an independent company.
- Your existing SIM will keep working without any action needed right now.
- PTCL and PTML are now two separate businesses under one parent structure.
- Expect gradual rebranding toward the “e&” name over time.
- Network quality and 5G expansion are likely to improve as resources combine.
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Frequently Asked Questions
Is Telenor Pakistan completely shut down?
Yes, Telenor Pakistan has been dissolved as a separate legal entity and merged into PTML.
Will my Telenor SIM stop working now?
No, current SIMs continue working normally while the network integration continues in the background.
Is PTCL closing its mobile business entirely?
No, PTCL is separating from the mobile business, which now operates independently as PTML.
Who owns PTML now?
PTML remains a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL).
Will Ufone and Telenor brand names disappear?
Reports suggest both brands will eventually be phased out in favor of the global “e&” identity.
How many subscribers does the merged company have?
The combined PTML entity has roughly 72 to 74 million subscribers, making it Pakistan’s second-largest mobile operator.
Why did Telenor sell its Pakistan operations?
Telenor Group has been exiting several Asian markets as part of a broader strategy to focus on its core regions, and Pakistan was part of that shift.
What Happens Next?
The paperwork may be finished, but the real test for PTML starts now. Merging two large mobile networks, customer databases, and brand identities rarely happens overnight, and Pakistani users will likely notice small hiccups before things settle. Whether the company can hold on to its near 36% market share against Jazz will depend on how smoothly this integration plays out over the next few months. For now, both Ufone and Telenor customers can carry on using their SIMs as usual, while keeping an eye out for the rebranding and network upgrades expected to follow this historic consolidation.
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