The Competition Commission of Pakistan (CCP) on Wednesday completed hearing of the Mobilink-Warid merger case and may issue final order within 1-2 weeks of time, well placed sources revealed.
It was the 2nd hearing, where according to sources, lawyers and representatives recorded their arguments and as per sources the process was ‘hectic’.
Mobilink and Warid have submitted all required details and necessary documents for the merger.
It has been confirmed that that there will be no more hearings in the case and now CCP will issue final order after internal deliberations.
The sources further said that the Commission may string some conditions with the decision, but it is too early to talk about those.
The 2nd hearing of the Mobilink-Warid merger case was held after about a one month gap. The first hearing of the case was held on February 12.
The whole telecom sector is closely monitoring the case which is being considered as a unique one in the country’s history.
The case will have far-reaching effects on the overall sector as well.
Now Telenor should sell its shares to Zong in Pakistan.
i think telenor is far better than zong! in every way so that’s impossible (anyway its my opinion) ;)
ta ta bye bye warid and mobilink.
Hn
The deal will affect a lot of jobs in the Vendor’s side as well as at the OpCo’s side. Due to the job situation in Pakistan, the government should ideally reject this deal. If warid cannot manage itself, the govt should encourage take over by non market player keeping and discouraging the existing market players from takeover.
No. Warid contract with existing vendors will expire in 2019 which is also lock down period of merger. Hence Mobilink assure no cut in job then nothing to worry. After merger more jobs will create as warid till date not investing in FDI only earning.
let’s hope for the best
30% cut from every department of mobilink is ready to accommodate warid’s 2500 employees . !!
Come on do that Quickly
Warid introduced two new monthly lte data bundles. Along with daily free 1GB (1am – 8am) 10GB in rs 1000 and 12 GB in rs 1200
Agree
Any update regarding this?