telenor for sale

Telenor for Sale

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Telenor is for sale. As per latest information, Telenor which started to work in Pakistan is putting everything for sale. Company started to operate in Pakistan in 2005. Before its arrival Jazz and Ufone had monoply in telecommunication./

Companies had high rates and limited coverage. Villages had no services and services were also limited in cities. AFter the Telenor launch, Companies were in race and they did their best to compete each other.

Telenor extended its network to village areas before any other company. Offered very good packages. But it seems that now company is having very tough time. According to latest news, Company is unable to pay the salaries and grow as compared to other companies.

who is buying telenor?

According to the news, company has put offered to all companies if they want to buy the company and merged it to their network as mobilink did with warid. however mobilink can not do so as per law.

So Zong ,, Ufone and SCO will remain behind to buy the company. Ufone has also denied to buy the telenor due to low financial position.

Telenor Stats

  • Telenor owns more than 11000 sites that cover 80% of the population
  • Telenor has more than 47 million customers
  • Telenor headquarter worth of 80million USD in 2017.
  • 80% sites are 3G and 70% are 4G enabled.
  • Tested 5G with speed 1.5 Gbps.
  • Easypaisa service by Telenor miceofinance bank
  • telenor sales in last quarter of 2020 were over 25 billions rupees.

Telenor is currently facing financial issues and unable to pay the salaries of its employees. Even their are retiring its old-age employees with six month advance salary.

Telenor have given variety of services in pakistan and broke the monoply of other old companies. It is sad end of a company in pakistan with so much growth and business. With it best of luck!

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