The story
Telenor, a Norwegian telecommunications company, acquired a license for providing GSM services in Pakistan in April 2004, and launched its services commercially in Karachi, Islamabad, and Rawalpindi on 15 March 2005; it expanded its services to Lahore, Faisalabad and Hyderabad on 23 March 2005. Telenor Pakistan's corporate headquarters are in Islamabad, with regional offices in Peshawar, Lahore, Faisalabad, Multan, Hyderabad, Quetta and Karachi.
In November 2017, Telenor Pakistan inaugurated its new headquarters building in Islamabad, named '345' after Telenor's number dialing prefix '0345'. The new headquarter was built at a cost of $80 million.
Acquisition by PTCL Group
After Telenor ASA announced in November 2022 that they would leave the Pakistani market, it was announced that PTCL Group would acquire 100% of Telenor Pakistan on 14 December 2023, subject to regulatory approvals. The Business Recorder reported that the sale was settled at 108 billion Pakistani rupees (US$385 million), while Dawn and NRK reported a price of 5.3 billion Norwegian kroner (US$493 million).
On 1 October 2025, the CCP approved PTCL's acquisition of Telenor Pakistan, this was followed by the PTA's approval 6 December 2025.
PTCL completed its acquisition of Telenor Pakistan and Orion Towers (Private) Limited on 31 December 2025.
PTCL Group CEO Hatem Bamatraf announced that the Telenor Pakistan brand will be dissolved once the merger between Telenor Pakistan and Ufone is complete and all the necessary approvals have been given by the regulatory authorities.
Merger with Ufone
On 1 July 2026, the Islamabad High Court approved the merger between Telenor Pakistan and Pak Telecommunication Mobile Limited (Ufone).
As part of the integration between both networks, Ufone has migrated to the Telenor '345' headquarters building in Gulberg Greens, Islamabad. Hatem Bamatraf, who previously served as the Group CEO for both PTCL and Ufone will now lead the MergeCo as the new CEO. PTCL will operate as a separate entity with its own board and CEO.
From Wikipedia’s article on Telenor Pakistan, shared under CC BY-SA 4.0.4
