ISLAMABAD ( BMZ REPORT ) The boards of directors of NIB Bank and MCB Bank have decided to merge the two banks by way of shares swap agreement between the owners and shareholders of the two banks. This was stated by the official communiqué of the two banks. This developmentRead More →
Amsterdam/Cairo/Islamabad (BMZ REPORT ) VimpelCom, Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), today announced the completion of the transaction to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid), creating Pakistan’s next generation digital telecommunications provider. Over 50 million customers inRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Competition Commission of Pakistan has notified Mobilink that its announced merger with Warid is not according to the rules and regulation of the Competition Act of Pakistan. The letter that is attached below clearly states that it is compulsory requirement for any entity that isRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Pakistan Telecom Authority is now in a pickle. With the announcement by Mobilink and Warid to merge the companies, it seems that any chance of auction for 3G/4G is now over. Telecom companies that had earlier told the regulatory authority that they were not interestedRead More →
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 theRead More →