Home Technology VimpelCom And Dhabi Group Announce Completion Of Mobilink and Warid deal

VimpelCom And Dhabi Group Announce Completion Of Mobilink and Warid deal

VimpelCom and Dhabi Group announce completion of Mobilink and Warid deal

Combined legal entity to serve over 51 million customers as Pakistan’s leading high-speed mobile network

Amsterdam/Islamabad (22 December, 2016) – VimpelCom, Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), today received the approvals from Islamabad High Court to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). Earlier this year Mobilink and Warid had received approvals from Pakistan Telecom Authority, Competition Commission of Pakistan, Securities and Exchange Commission Pakistan, local and international creditors and State Bank of Pakistan.

Jean-Yves Charlier, Chief Executive Officer of VimpelCom, said: “The High Court’s approval of the merger between Mobilink and Warid, confirms the creation of a world-class champion in Pakistan, and it marks another major step in VimpelCom’s transformation into a leading global technology group with the ambition to bring digital opportunities and experiences to a tenth of the world’s population.”

Chairman of Dhabi Group, His Highness Sheikh Nahayan Mabarak Al Nahayan, said:  “I am pleased to know that courts of Pakistan have approved the merger of Mobilink & Warid along with all pertinent regulatory approvals for consolidating the two businesses. This merger of is yet another landmark achieved, which will further accelerate advancements in telecommunication sector in Pakistan. I am confident that the merged company will continue to contribute significantly to Pakistan’s economy while providing its customers with the highest quality of telecom services.”

Aamir Ibrahim, CEO – Mobilink and Warid said: “The approval from Islamabad High Court marks a major and absolute milestone in our bid to merge the two businesses. The Group’s new digital systems will enable faster roll-out of new local products and services, particularly in the areas of mobile entertainment, communication, the Internet of Things, and mobile financial services. Through this, Pakistan’s digital development will be elevated to the next level, further reducing the digital divide as we transform the merged company from a legacy telecom to a leading technology company.”

The merged company will serve over 51 million customers in Pakistan who will benefit from high-speed mobile telecommunications and a best-in-class digital mobile network through its state of the art 3G and LTE services.

Must Read

Ministry of Information Technology & Telecommunication Government of Pakistan. Islamabad

Ministry of Information Technology & Telecommunication Government of Pakistan. Islamabad Youth has tremendous potential just need a proper guideline for a journey towards success, IT Minister ICT...

Aamir Ibrahim called upon overseas Pakistanis to play their part in supporting local startups

In a message for budding entrepreneurs and investors, Jazz CEO, Aamir Ibrahim has stated that Pakistan offers an abundance of opportunities that are linked...

OPPO F17 Pro With Its Diverse Photography Modes Is Sure To Bring Life To Every Shot You Take

OPPO has unveiled its latest smartphone, the F17 Pro, that is a stellar camera powerhouse, allowing users to flaunt stunning portrait shots with its...

TECNO’S AMBASSADOR MEHWISH HAYAT BRINGS THE NEW PHOTOGRAPHY PHONE CAMON 16

TECNO is here with its flagship photography phone Camon 16, which will be launched soon in Pakistan. This is another valued addition to TECNO’s...

International platforms praise TECNO Camon 16 for its remarkable Camera technology

Taking good pictures can be a hassle sometimes especially in these times of social media influence. To carry a good camera everywhere you go...