Mobilink Merger with Warid Creates New Pakistan Mobile Market Leader
VimpelCom (operating as Mobilink) and Warid Telecom Pakistan will merge their Pakistan telecom businesses, creating the largest mobile company in Pakistan, with about 45 million customers.
The companies believe the transaction will to lead to savings with a net present value of approximately US$500 million. The combined revenue of the companies for the 12 months ending in September 2015 was US$1.4 billion.
Warid’s Long Term Evolution 4G network will help the new company compete with Zong, the only other operator running an LTE network.