Monday, 18 December 2017

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…

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