It seems that Pakistan Mobile Communication Limited (Mobilink) and Warid Telecom are finally going to join their forces in an attempt to create the biggest telecom operation in the country. Yesterday, VimpelCom and Dhabi Group announced the completion of the merger deal between Warid and Mobilink, after receiving approval from the Islamabad High Court.
It is reported that the combined legal entity will cater to 51 million customers as Pakistan’s leading high-speed mobile network. Therefore, it would correct to say that combined legal entity is pretty serious towards positioning itself as a dominant force in Pakistan’s wireless network industry. In addition, industry experts believe that the wireless network giant will likely introduce new promotional packages in its move to further boost its user-base.
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.”
Dhabi Group Chairman, Sheikh Nahayan Mabarak Al Nahayan, said in a statement that the merger deal will further speed up advancements in the country’s telecommunication sector. “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,” he added.
Following the successful completion of the merger deal between the two telecom giants, both companies are working to integrate their departments and operations, which is why Warid now offers 3G coverage, while reports indicate that Mobilink will soon introduce 4G service on its platform. As part of ongoing integration, Mobilink has started charging on-net call rates from “Mobilink to Warid” for selected calling plans.
Analysts believe that this merger will render some jobs redundant and some employees will get relieved. In response to the situation, Mobilink has introduced Voluntary Separation Scheme (VSS) to let go of some of its workforce and has also offered its employee to avail the opportunity for a hassle-free transition of their careers.