Telenor is exploring for merger prospects in Pakistan to leave the market. Sigve Brekke, CEO of Telenor Group, has confirmed the most anticipated news. Currently, the Telecom provider operates in nine markets all over the world, having just exited Myanmar. Telenor has confirmed its ambitions to merge its telecom operation in Thailand with a local firm. While Telenor’s exit from the Pakistani market has been expected for some time, the confirmation news came as a shock to many.
Telenor could not compete with the Quality of Service (QOS) of the other competitors (ZONG and JAZZ). Telenor will leave Pakistan market soon as previously Warid Telecom left the market after merger with JAZZ (Formerly known as Mobilink Pakistan). The PTA QOS study also shows the service war between Jazz and Zong, as well as the fact that Telenor has long since dropped out of the competition making its exit inevitable.
Who can Telenor merge with?
In Pakistan, there are four telecom operators, with Jazz having the most subscribers, followed by Zong and Ufone. Telenor might choose choose between Ufone and SCO (Special Communications Organization).
SCO appears to be the best alternative, as it has been attempting to expand its services in the Pakistani market for some time. Furthermore, both telecom companies share the same interest in providing connection in AJK (Azad Jammu and Kashmir) and GB(Gilgit Baltistan).
It has been clear over the past few quarters that the corporation will be quitting the Pakistani market soon. Thailand, Myanmar, and Indonesia are among the Asian markets it has abandoned. Bangladesh is now the sole Asian market left, and the company’s status there likewise suggests the same fate.