{"id":400198,"date":"2024-04-15T08:07:39","date_gmt":"2024-04-15T03:07:39","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=400198"},"modified":"2024-04-15T08:07:39","modified_gmt":"2024-04-15T03:07:39","slug":"ifc-approves-financing-for-ptcl-groups-acquisition-of-telenor-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ifc-approves-financing-for-ptcl-groups-acquisition-of-telenor-pakistan\/","title":{"rendered":"IFC approves financing for PTCL Group\u2019s acquisition of Telenor Pakistan"},"content":{"rendered":"<p>Islamabad: The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group\u2019s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis. PTCL has been engaged with IFC, a member of the World Bank Group, for financing to materialize the deal. The approval of financing by the International Finance Corporation (IFC) not only signifies renewed trust in Pakistan\u2019s economy but also underscores the immense potential of the country\u2019s telecom sector. Moreover, it reflects the confidence of the international body in the PTCL Group\u2019s capabilities as a leading facilitator in realizing the \u2018Digital Pakistan Vision.\u2019 PTCL Group had signed the share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company in December last year. The agreement is one of the most noteworthy events in the country\u2019s telecom sector. The deal is not only poised to strengthen the market standing of PTCL Group but also transform the country\u2019s telecom and digital sector by accelerating growth and innovation. The acquisition of Telenor Pakistan by PTCL Group is subject to necessary regulatory approvals Our Correspondent<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group\u2019s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-400198","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IFC approves financing for PTCL Group\u2019s acquisition of Telenor Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/ifc-approves-financing-for-ptcl-groups-acquisition-of-telenor-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC approves financing for PTCL Group\u2019s acquisition of Telenor Pakistan\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. 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