Mobilink and Warid Officially Announced The Merger
Lahore (Thursday, November 26, 2015) – The Pakistan’s largest mobile services provider and smallest mobile service provider has agreed to merge. The New company will remain as “The Mobilink”. While the Warid will vanish for life. This is also being seen as death of Warid Telecom. Mobilink will become more big. Bigger than the currently it is.
This announcement has been made in a joint press release issued by both cellular companies today. Daily Dawn has published this merging story in his online version of newspapaer.
What is Worth of Both Companies at Present?
According to statistics released by Pakistan Telecommunication Authority (PTA) Mobilink has total mobile user more than 3.5 Crore and Warid Telecom has total mobile user more than one Crore. For 3G/4G/LTE subscription, Mobilink has more than 49 Lac users and Warid has only 1.56 Lac mobile broadband users.
Plus Point of Warid
Only plus point of the Warid telecom. is that it holds License of LTE Technology. Which is more powerful than 3G Mobile Technology.
What is Traction Between Two Companies?
Moblink will acquire 100 Shares of Warid, While in return Mobilink will give 15% Shares to Abu Dhabi Group in Mobilink Company after the merger completes.