Over the last couple of weeks, Telenor Pakistan has been in the news as they decided to sell their business and it was up for the sale. And a couple of days ago, the news surged that Telenor Pakistan is in talks with an Emirates-based multinational company to sell its operations.
While all of this was in progress, the Telenor services were giving a really hard time to the users which established a public idea that Telenor was shutting down its operations in Pakistan. But on Thursday, the telecom company said that news being reported about Telenor shutting down its operations in Pakistan was incorrect.
We remain committed to serving our customers & connecting them to what matters most. A media story has incorrectly reported that Telenor Pakistan is shutting down its operations. This is not true.
We look forward to bringing u the best services & solutions as we have in the past.
— Telenor Pakistan (@telenorpakistan) December 8, 2022
The sale was predicted a year ago back in November 2021, the Telenor chief has said:
“Telenor will continue to look for merger opportunities in Asia, including in Pakistan and on a regional basis.”
While Telenor has said that they are not quitting Pakistan just yet, it won’t be a surprise if they change their mind later. It isn’t a secret that Telenor Group’s relationship with emerging Asian markets has worn off, except in a couple of markets. The earlier allure of gaining hundreds of millions of subscribers and juicy returns in...
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