ISLAMABAD:

The Competition Commission of Pakistan (CCP) has revealed that lapses by Pakistan Telecommunication Company Limited (PTCL) have stalled the proposed $1 billion Ufone-Telenor merger.

In a presentation to the Senate Standing Committee on IT, the regulator said PTCL had once again failed to submit its $1 billion investment plan required to pave the way for the merger. The CCP noted that PTCL did not provide timely plans outlining efficiencies expected from the proposed deal.

The regulator further highlighted that PTCL has challenged most Pakistan Telecommunication Authority (PTA) regulations in court and obtained stay orders, including against the Significant Market Power (SMP) determination. As a result, Reference Interconnect Offer (RIO) approval from PTCL is not applicable, l

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