ISLAMABAD ( ABRAR MUSTAFA )
What has been discussed secretly, widely and openly is now awaiting to be confirmed by PTA and Mobilink. Mobilink will be acquiring Warid and fully absorbing the company. It was learned today by TelecoAlert.com through a source that wished to remain unnamed that all the legal considerations and documents have been finalized and the two company are set to merge together very soon.
Mobilink which currently has 3G license, will be taking over Warid very soon. This will see Mobilink not only taking over the assets and the consumers of Warid but also getting the very attractive 4G LTE services of the company. Wateen is not include in sale deed.
Warid which recently got active by launching its own 4G LTE service in Pakistan after the 3G/4G auction was being sold by its management for a very long. However due its financial situation, it was a long shot. However this is now the past and Mobilink will be getting huge chunk in its consumers while also enjoy getting its 4G LTE license.
This may be troubling for Zong, the only telecom company that won the 4G license in the auction as it now has to face not only a competitor that has 3G and 4G but also the fact that Mobilink is getting the license plus consumer in a better rate