Veon backs out of GTH acquisition

Veon has announced it has backed out of plans to acquire GTH assets in Pakistan and Bangladesh due to the falling Pakistani Rupee and the reaction from GTH shareholders.

Telenor appoints Pakistan CEO

Norwegian operator group Telenor has appointed Michael Patrick Foley as CEO for its Pakistan operation. Foley currently serves as chief commercial officer at the Canadian State Lottery and will assume the role on July 1st, 2014.

Pakistan’s Telecommunication Authority slams Reuters report on “dismal” auction

Pakistan’s telecoms regulator the PTA has reacted angrily to a story published by Reuters in which the news agency describes early stages of the country’s current 3G and LTE spectrum auction as “dismal”. In a statement that dismisses the Reuters report as “baseless” and “fabricated”, and raises the prospect of legal action, a PTA spokesperson claimed the auction’s progress is satisfactory.

Pakistan temporarily suspends network coverage

Pakistan’s government instructed the nation’s operators to suspend cellular coverage in 53 cities and districts as a measure to prevent terrorist attacks, according to local reports. The move was made as the government feared violence over Chehlum on January 2, a day that honours the martyrdom of a historical political figure.

Telenor in legal disputes in India and Pakistan, buys VimpelCom shares

Nordic operator group Telenor has been busy handling legal disputes this week, demanding compensation from Indian partner Unitech following the cancellation of its 2G spectrum licences and filing separate lawsuits against Nokia Siemens Networks and Huawei in Pakistan. The firm also announced that it is withdrawing all its longstanding legal wranglings against Altimo Holdings & Investments.


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