Sunday, 25 February 2018

Mobilink, Warid merger deal closes

By Mary Lennighan, Total Telecom
Friday 01 July 16

Aamir Ibrahim takes over as CEO of both companies following completion of financial transaction; legal merger due to be completed within six months.

The parent companies of Mobilink and Warid Telecom on Friday announced they have completed the transaction that will enable them to merge the two companies, consolidating the former's position as Pakistan's largest mobile operator. A deal announced in November made provision for VimpelCom-owned Mobilink to acquire 100% of Warid's shares, in return for Warid owner the Dhabi Group buying 15% of Mobilink's shares…

The parent companies of Mobilink and Warid Telecom on Friday announced they have completed the transaction that will enable them to merge the two companies, consolidating the former's position as Pakistan's largest mobile operator. A deal announced in November made provision for VimpelCom-owned Mobilink to acquire 100% of Warid's shares, in return for Warid owner the Dhabi Group buying 15% of Mobilink's shares…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry