Emirati Firm Planing to buy Telenor Pakistan for $1 Billion

The biggest change is about to come in the telecom industry of Pakistan.

The country’s second-largest cellular service provider may soon change hands as Telenor Pakistan.

Telenor Pakistan is in talks with an Emirates-based multinational company to sell its operations.

According to Dawn news, the Emirati Firm who has already has a strong background in Pakistan. And Telenor is in talks to acquire Telenor and they have reached an advanced stage.

A well-placed source in the IT ministry also confirmed the news that a deal is in the almost final stage. Moreover, it also refused to share any other information on the record.

The Emirati company already has a sizeable presence in Pakistan. The company has a presence in all key areas of the telecom sector and it is interested in further consolidating it’s position, according to the sources.