Pakistan Telecommunication Authority approves Mobilink’s merger with Warid

TechnologyPakistan Telecommunication Authority approves Mobilink’s merger with Warid

ISLAMABAD, Pakistan: The Pakistan Telecommunication Authority (PTA) has approved the merger of Pakistan Mobile Communication Limited (Mobilink) and Warid Telecom (Private) Limited (Warid).

This is yet another milestone in the regulatory process and follows the approval granted in March, 2016 by the Competition Commission of Pakistan.

   

The deal remains subject to further regulatory approvals and other customary closing conditions.

The President and CEO of Mobilink Jeffrey Hedberg said “We are pleased that the Pakistan Telecommunication Authority has approved the merger of Mobilink and Warid, marking a further important milestone in the regulatory process.”

“I am confident that the combination of the two businesses will benefit customers through a best-in-class mobile and high-speed network, and contribute to the overall development of the telecommunications sector in Pakistan as an integral part of the economy. We look forward to bringing innovative technology solutions through world-class telecom services to our customers in the new combined entity.”

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

At UN, Pakistan calls for disarming TTP

0
UNITED NATIONS: A senior Pakistani diplomat has called for a “concerted campaign” to recover all weapons from terrorist groups like Tehreek-e-Taliban Pakistan (TTP), which...

UNDP, Climate Change Ministry to deepen collaboration to boost climate solutions

0
PM’s aide Romina Khurshid lauds UNDP-Pakistan’s financial, technical support for tackling climate risksISLAMABAD, Pakistan: The Deputy Resident Representative for the United Nations Development...

Electricity theft in KPK: We threaten the State, can you dare to stop us?

0
Peshawar, Pakistan: The leadership of Pakistan Tehreek-e-Insaf (PTI) again took over national power grids in KPK by force, and cases were registered against unknown...

Interbank Dollar Rate Today in Pakistan – 20 June 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 20,...

Religious Ministry announces Zamzam Water distribution arrangements for pilgrims

0
ISLAMABAD, Pakistan: The Ministry of Religious Affairs and Interfaith Harmony has announced the arrangements for distributing Zamzam Water among pilgrims who are availing the...
Advertisement