July 01, 2026 (MLN): Pakistan Telecommunication Company Limited (PSX:PTC) has received approval from the Islamabad High Court for the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited (PTML), both wholly owned subsidiaries of the state-run telecom operator.

The court order, dated June 30, 2026, approves the Scheme of Amalgamation under which the entire undertaking of Telenor Pakistan, including all assets, liabilities and obligations, will be transferred to and vested in PTML as a going concern.

Under the salient features of the scheme, PTC's entire shareholding in Telenor Pakistan will be cancelled, and Telenor Pakistan will stand dissolved without winding up, with its name struck off from the records of the Registrar of Companies.

The aforementioned was disseminated through a notification to Exchange.