Sunday, 09 December 2018

Mobilink swallows up Warid Telecom in Pakistan mobile merger

By Mary Lennighan, Total Telecom
Thursday 26 November 15

Vimpelcom-owned market leader strengthens its position through deal with smallest player; merged entity will have over 45 million customers.

Mobilink has moved to cement its position as Pakistan's largest mobile operator by announcing on Thursday that it has agreed to merge with smaller player Warid Telecom. Under the terms of the deal, Mobilink will acquire 100% of Warid's shares, in return for Warid owner the Dhabi Group buying 15% of Mobilink's shares…

Mobilink has moved to cement its position as Pakistan's largest mobile operator by announcing on Thursday that it has agreed to merge with smaller player Warid Telecom. Under the terms of the deal, Mobilink will acquire 100% of Warid's shares, in return for Warid owner the Dhabi Group buying 15% of Mobilink's shares…

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