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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 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 .
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
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.
Telenor started exploring the M2M potentials in 2000, when Telenor R&D established a project both aimed at technology, services and business models. This was further spurred when Telenor acquired the Swedish mobile company Europolitan, which contained parts of Vodafone 's research capabilities in the area.
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]
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 ...
Ufone and Telenor won 2x5 MHz license for 3G from the same band. [4] [5] Later 2X10 MHz spectrum was auctioned in the 850 MHz band in 2016 and 2X10 MHz in the 1800 MHz in 2017. The winners were Telenor and Jazz respectively and another USD 690 Million were paid for the same. Taking the total to USD 1.8 Billion earned through auction from 2014 ...