PSO, a major oil marketing company in Pakistan, has made it clear that it has no plans to acquire Telenor’s businesses in Pakistan. This statement was released in response to a news article published on February 28, 2023, which claimed that PSO was planning to conduct due diligence on Telenor’s operations in Pakistan. However, PSO has denied these claims, stating that it has not taken any definite steps with respect to Telenor’s mobile operations in Pakistan.
Although PSO has not completely ruled out the possibility of considering an acquisition of Telenor’s Easy Paisa mobile payment platform, it has clarified that it has not yet taken any concrete steps in this regard. The company has also stated that it will share any information as and when things materialize.
Telenor Pakistan is a telecommunications company that provides mobile services and mobile financial services in the country. PSO, on the other hand, has a strong presence in the energy sector. The two companies operate in different sectors, and it is unclear what PSO’s interest in Telenor’s businesses might have been. Official information regarding this matter is expected to be released in the coming weeks.