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Allen & Overy advises Telenor on its sale of Telenor Pakistan to PTCL

Allen & Overy (A&O) is advising Telenor ASA (Telenor), the multinational telecommunications company listed on the Oslo Stock Exchange, on its disposal of Telenor Pakistan (TP) to Pakistan Telecommunication Company Limited (PTCL) at a valuation of NOK 5.3 billion.

The transaction concludes Telenor’s strategic review of its telco operation in Pakistan and, subject to the satisfaction of a number of regulatory approvals, is expected to close during 2024.

James Mythen, Partner at A&O, commented: "We are delighted to have advised our long-standing client Telenor on another landmark transaction in APAC. This transaction once again showcases our ability to execute and deliver innovative and pragmatic solutions for our clients in challenging and fast-changing markets, drawing on our extensive experience and expertise in both the telecoms sector and across the Asia Pacific region."

The cross-practice, cross-border A&O team advising on the transaction was led by James Mythen (Partner, Singapore), Christine Fong (Senior Associate, Singapore) and Zann Tay (Associate, Singapore), who were principally supported by Ka Sen Wong (Partner, Sydney). The broader transaction team included partners and associates across our tax, litigation, antitrust, corporate, IP, and banking and finance teams, as well as members of our Pakistan focus group.