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Telenor Pakistan (Pvt.) Limited is a Pakistani wireless network operator headquartered in Islamabad, Pakistan. Khurrum Ashfaque is the current chief executive officer (CEO). [2] Telenor started its operations in Pakistan in March 2005. Over the years, Telenor invested more than $2 billion in terms of foreign direct investment (FDI) in Pakistan. [3]
Telenor Pakistan, launched 18 years ago, has 45 million customers. Pakistan Telecommunications' share price rose 8.3% on Thursday, while Telenor's was up 1.1% at 0837 GMT.
Telenor Microfinance Bank, formerly Tameer Microfinance Bank, is a Pakistani microfinance bank which is based in Karachi, Pakistan. It is jointly owned by Telenor Group and Ant Group , an affiliate company of Alibaba Group .
After Telenor ASA announced in November 2022 that they would leave the Pakistani market, [41] the sale of Telenor Pakistan to PTCL was announced in December 2023. Subject to regulatory approvals, PTCL will acquire a 100% stake in Telenor Pakistan for US$493 million. [42] [43]
Mainland Pakistan AJ&K/Gilgit-Baltistan; 1 Jazz (PMCL - Pakistan Mobile Communications Limited) 410 / 01 410 / 07 030x ... Telenor ASA (100%) 43.53 million 4 Ufone
VEON was founded in 2009 as VimpelCom Ltd., a multinational holding company. Incorporated in Bermuda and headquartered in the Netherlands, VimpelCom Ltd. was formed when Telenor and Alfa agreed to merge their assets in the telecommunications companies PJSC VimpelCom and Kyivstar.
Also in 2021, it was the sponsor of the Ufone 4G Football Cup in Pakistan. [9] [10] In December 2023, Ufone CEO Hatem Bamatraf announced it had agreed to acquire 100% of Telenor Pakistan Ltd. [11] Specifically, Ufone's owner PTCL agreed to acquire Telenor in Pakistan for $500 million. In May 2024, Pakistan's antitrust authority warned against ...
In 2009 Telenor Microfinance Bank decided to launch the Digital Wallet Money Saver Account service and launched EasyPaisa Services. EasyPaisa Service is the rapidly used service in Pakistan that made Telenor Microfinance Bank the top #1 Pakistani Microfinance bank because all EasyPaisa transactions are proceeding through Telenor Microfinance Bank.