Mobilink-Warid merger approved
Shares
ISLAMABAD, May 24 (APP): Mobilink-Warid merger approved
Pakistan Telecommunication Authority (PTA) Tuesday approved the merger of Pakistan Mobile Communication Limited (Mobilink) and Warid Telecom (Private) Limited (Warid).
According to a press release issued here the deal remains subject to further regulatory approvals and other customary closing conditions.
The regulatory process follows the approval granted in March, 2016 by the Competition Commission of Pakistan.
President and CEO of Mobilink, Jeffrey Hedberg expressed hoped that the combination will benefit customers through a best-in-class mobile and high-speed network, and contribute to the overall development of the telecommunications sector in Pakistan as an integral part of the economy.
He vowed bringing innovative technology solutions through world-class telecom services to customers in the new combined entity.
