Norwegian telecom giant Telenor Pakistan is considering its options for its Pakistani business, including a merger, sale, or change in operational model. The company aims to make a decision by the end of the year.
Telenor CEO Sigve Brekke said the company is in talks with multiple parties and is optimistic about finding a solution. The company is also evaluating a shift in operational model, which could involve reducing its stake in the Pakistani business or forming a joint venture with a local partner.
The Pakistani government has expressed its support for the telecom sector and has taken steps to create a more conducive environment for telecom companies. Federal IT and Telecom Secretary Hassan Nasir Jamy met with Telenor Group Head of Asia Borre Furberg to discuss ways to support the sector’s growth.
Telenor, a big Norwegian telecom company, is deciding what to do with its business in Pakistan. The company is thinking about three options: merging with another company, selling its business, or changing the way it operates. Telenor hopes to make a decision by the end of the year.
The Pakistani government wants to help the telecom sector grow and has taken steps to make it easier for telecom companies to do business in Pakistan.