PTCL mulling merger options; market due for consolidation says CEO

17 Jun 2009

According to Telecom Tiger, fixed line and broadband operator Pakistan Telecommunication Company Ltd (PTCL) is negotiating with several domestic companies with a view to potential mergers or acquisitions. Citing comments from PTCL’s CEO, Walid Irshaid, the report indicates that the incumbent believes the telecoms market in Pakistan is due for consolidation, and it expects the number of mobile operators to drop from six to three. PTCL has not revealed details of any potential targets for merger.

According to TeleGeography’s GlobalComms database, Pakistan Telecommunications Mobile Ltd, PTCL’s mobile unit, was the third largest cellco by subscribers at the end of March 2009, with 19.4 million subscribers, representing a 21.43% market share. Rivals Mobilink and Telenor Pakistan were first and second placed respectively with 28.2 million and 19.9 million customers.

Pakistan, Pakistan Telecommunication Company Limited (PTCL)