Islamabad High Court Approves Telenor Pakistan’s Merger with Ufone

The Islamabad High Court (IHC) has granted formal approval for the merger of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited (Ufone), marking a significant step in the consolidation of Pakistan’s telecom sector.

According to a written order issued by Justice Khadim Hussain Soomro, the merger has been approved under the provisions of the Companies Act, 2017. As part of the arrangement, all assets, properties, rights, liabilities, and obligations of Telenor Pakistan will be transferred to Pak Telecom Mobile Limited.

The court further ruled that once the merger officially takes effect, Telenor Pakistan (Private) Limited will be dissolved without the need for separate winding-up proceedings.

The Islamabad High Court also instructed the petitioner to submit a certified copy of the order to the Registrar of the Securities and Exchange Commission of Pakistan (SECP). The regulator has been directed to complete the remaining legal formalities required for implementing the merger.

Additionally, the court emphasized that the merged company must comply with all relevant legal, regulatory, and financial obligations throughout the implementation process.

In its judgment, the IHC stated that its responsibility was limited to assessing whether the proposed merger fulfilled the requirements of the Companies Act, 2017. After reviewing the available record, the court concluded that all legal conditions had been met and that the merger was lawful, fair, and in line with the public interest.

The court’s approval clears the way for the legal integration of Telenor Pakistan into Ufone, subject to the completion of the remaining regulatory and operational procedures.