CCP Approves Mobilink-Warid Merger
Competition Commission of Pakistan has approved Mobilink-Warid merger, we have check
Competition Commission of Pakistan has approved Mobilink-Warid merger, we have check
ed with official sources who are aware of commission’s decision that was issued moments ago.
CCP bench hearing the matter comprised of Vadiyya Khalil, the Chairperson, Dr. Shahzad Ansar, Member Office of Fair Trade & Advocacy, and Ikram Ul Haque Qureshi, Member Cartels & Trade Abuse and Legal.
“A CCP bench has approved Mobilink-Warid merger and I can confirm that CCP has not raised any objection over the merger in principle but merged company will have to comply with the remedies imposed by the commission”, said the source while speaking with ProPakistani.
While we are in process of obtaining CCP’s order on the matter, we are told that determination has okayed the deal without any objections.
Order has reportedly said that merged company will continue to operate with other telcos in the market based on current rates and interconnect conditions.
Also Read: Anatomy of Mobilink-Warid Merger
After CCP’s approval — that was most crucial part of mandatory regulatory approvals required for the merger — SECP and PTA are likely to approve the deal in matter of few weeks after which both companies will formally start to merge the companies and operations.
It maybe recalled that Mobilink and Warid had agreed to merge their operations in Pakistan back in November 2015. Both companies had announced to merge operations with-in six months after getting regulatory approvals.nni
CCP bench hearing the matter comprised of Vadiyya Khalil, the Chairperson, Dr. Shahzad Ansar, Member Office of Fair Trade & Advocacy, and Ikram Ul Haque Qureshi, Member Cartels & Trade Abuse and Legal.
“A CCP bench has approved Mobilink-Warid merger and I can confirm that CCP has not raised any objection over the merger in principle but merged company will have to comply with the remedies imposed by the commission”, said the source while speaking with ProPakistani.
While we are in process of obtaining CCP’s order on the matter, we are told that determination has okayed the deal without any objections.
Order has reportedly said that merged company will continue to operate with other telcos in the market based on current rates and interconnect conditions.
Also Read: Anatomy of Mobilink-Warid Merger
After CCP’s approval — that was most crucial part of mandatory regulatory approvals required for the merger — SECP and PTA are likely to approve the deal in matter of few weeks after which both companies will formally start to merge the companies and operations.
It maybe recalled that Mobilink and Warid had agreed to merge their operations in Pakistan back in November 2015. Both companies had announced to merge operations with-in six months after getting regulatory approvals.nni
No comments:
Post a Comment