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Tag: warid
Mobilink and Warid complete merger
2016-07-01 13:53:00| Telecompaper Headlines
(Telecompaper) VimpelCom, together with Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), have announced the completion of the transaction to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid), creating Pakistan's next generation digital telecommunications provider. Over 50 million customers in Pakistan will benefit from high-speed mobile telecommunications and a best-in-class digital mobile network.
Tags: complete
merger
mobilink
warid
Mobilink, Warid merger deal closes
2016-07-01 02:00:00| Total Telecom industry news
Aamir Ibrahim takes over as CEO of both companies following completion of financial transaction; legal merger due to be completed within six months.
Tags: deal
merger
closes
mobilink
Syniverse bags Warid Telecom IPX deal
2016-04-14 02:00:00| Total Telecom industry news
Pakistani operator to enable outbound, inbound LTE roaming.
Mobilink, Warid Telecom announce merger : November 26, 2015,
2015-11-26 15:59:57| Telecom - Topix.net
ISLAMABAD Pakistan's telecom industry is about to witness a massive consolidation as the parent companies of Mobilink and Warid Telecom announced on Thursday that they had reached a merger agreement. A joint press release issued by both companies confirms that Mobilink will first acquire 100 per cent of Warid's shares in consideration for the Dhabi Group shareholders acquiring approximately 15 percent of the Mobilink shares.
Tags: november
telecom
announce
merger
Mobilink, Warid announce merger
2015-11-26 09:08:00| Telecompaper Headlines
(Telecompaper) VimpelCom and Global Telecom Holding (GTH), Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), have agreed to merge their Pakistan telecom businesses. The merger of Mobilink and Warid Telecom will create an entity that will serve 45 million customers and be in a better position to develop high-speed mobile networks. The transaction is the first merger in the mobile telecommunications sector in Pakistan. VimpelCom and the Dhabi Group shareholders have agreed a clear corporate governance structure. The board will consist of seven directors, of whom six will be nominated by VimpelCom and GTH and one nominated by the Dhabi Group shareholders. Upon completion, Mobilink CEO Jeffrey Hedberg will become the CEO of the combined business and Mobilink's CFO Andrew Kemp the new CFO. The transaction is expected to create capex and opex synergies with a net present value of USD 500 million. The combined revenue of both companies for the 12 months to September was USD 1.4 billion.
Tags: announce
merger
mobilink
announce merger