The most important merger of Telecommunications market occurred on Thursday after the Pakistan’s most significant mobile phone operator, Mobilink, and Warid Telecom combined their operations.
— VimpelCom (@VimpelCom) November 26, 2015
Based on official statement from VimpelCom, both the Warid Telecom and Mobilink will certainly merge straight into a single company along with Forty five million merged users.
Jean-Yves Charlier, Chief Executive Officer of VimpelCom, said On Merger :
“We are delighted to announce the agreement with the Dhabi Group shareholders today to combine our businesses in Pakistan.Advertisements
With the addition of Warid to our already strong customer base at Mobilink, we will serve more than 45 million customers and offer a best-in-class mobile and high-speed data network – a key factor in the digital enablement of Pakistan’s economy.
This transaction follows a number of strategic milestones for the company, including our recent joint venture announcement with WIND and 3 Italia in Italy and the agreement to sell our operations in Zimbabwe.
This is yet another important step in our journey to continue delivering on our strategy to transform VimpelCom and improve our competitive position in our operating markets.”
The Dhabi Group, His Highness Sheikh Nahyan Mubarak Al Nahyan, said On Merger:
“Creating the largest operator in Pakistan is a significant milestone for Mobilink and Warid but also for Pakistan as a whole.
Warid’s partnership with Mobilink will create value for all stakeholders and pave the way for exceptional and cost-efficient telecommunication services for customers.
Both parties bring their unique strengths to this merger. Warid, with its strong post-paid base and high quality 4G/LTE network will complement Mobilink’s position in the market.
We are very pleased to continue to contribute to the strengthening of the competitive landscape for the broader telecom sector and the overall economy of Pakistan. The transaction reaffirms my own and my fellow investors’ long-standing and continuing commitment to Pakistan.”