Telenor Pakistan’s Buyer Set to Rival Sector Leader by Year-End

State-owned Pakistan Telecommunication Co. is keen to close its acquisition of Telenor ASA’s local unit in 2024 — a milestone that will place it within sniffing distance of the market leader Veon Ltd.’s Jazz by bolstering its market share in the highly competitive sector.

The Islamabad-based service provider expects to complete the transaction by December with “any required investment,” its Chief Executive Officer Hatem Bamatarf told Bloomberg on the sidelines of a conference in the city on Tuesday.