China Mobile To Buy Warid Telecom


News: China Mobile's Pakistani subsidiary, which operates under the Zong brand, plans to buy a rival mobile network, reports Cellular-News. The subsidiary hired an investment bank to evaluate a bid for local rival Warid Telecom, which has been put up for sale by its owner, the Abu Dhabi Group. Zong has a customer base of 23mn, and with the acquisition of Warid Telecom, would increase this to 34mn and make it the country's second largest mobile network.

This article is tagged to:
Sector: Telecommunications
Geography: Pakistan