Business

ISLAMABAD (Web Desk) – The Pakistan Telecommunication Authority on Tuesday approved the merger of Pakistan Mobile Communication Limited (“Mobilink”) and Warid Telecom (Private) Limited (“Warid”).

On the occasion, Jeffrey Hedberg, President and CEO of Mobilink, said: “I am confident that the combination of the two businesses will benefit customers through a best-in-class mobile and high-speed network, and contribute to the overall development of the telecommunications sector in Pakistan as an integral part of the economy.”

The Competition Commission of Pakistan has already approved the merger. However, the deal remains subject to further regulatory approvals and other customary closing conditions.