Major Telecom Firm

Major Telecom Firm is a leading global telecommunications company that provides a wide range of services including mobile, internet, and television. The company is recognized for its innovative approach to connecting people worldwide.

CCI Score

-17.27

0.08% May 31

Latest Event

Acquisition of Major Telecom Firm by PTCL

On December 14, 2023, Pakistan Telecommunication Company Limited (PTCL) signed a Share Purchase Agreement to acquire 100% of the shares of what is branded as Pakistan's major telecom firm for Rs108 billion. The deal, structured on a cash-free, debt-free basis with external financing, is expected to enable in-market consolidation in Pakistan’s telecom sector and is anticipated to complete in 2024.

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ENABLER

Major Telecom Firm is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

DEC

14

2023

Acquisition of Major Telecom Firm by PTCL
-17.27

On December 14, 2023, Pakistan Telecommunication Company Limited (PTCL) signed a Share Purchase Agreement to acquire 100% of the shares of what is branded as Pakistan's major telecom firm for Rs108 billion. The deal, structured on a cash-free, debt-free basis with external financing, is expected to enable in-market consolidation in Pakistan’s telecom sector and is anticipated to complete in 2024.
-20

Economic and Structural Influence

March 28

The acquisition by PTCL, a state-linked entity, is likely to consolidate market power in a critical sector. While consolidation may promise efficiency and improved long‐term industry outlook, it also raises concerns regarding potential regulatory capture and enhanced state control over telecommunications infrastructure, factors that from an anti‐fascist perspective risk bolstering centralized, authoritarian influence.

PTCL acquires Pakistan's major telecom firm for Rs108bn