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February 12, 2016 12:20 PM ET

Wireless Telecommunication Services

Company Overview of Pakistan Mobile Communications Ltd.

Company Overview

Pakistan Mobile Communications Ltd. provides telecommunication services in Pakistan. The company offers cellular and Blackberry services; postpaid and prepaid solutions; and 3G data services to individuals, businessmen, corporate companies, and multinationals. It also provides on-demand audio dramas; and international roaming services, such as mobile in flight roaming, maritime roaming, GPRS roaming, and Jazz international roaming services. In addition, it offers Samsung Galaxy S6 and Samsung Galaxy S6 Edge mobile devices in its sales and service centers across Pakistan; and mobile games through its mobile game online store. The company was founded in 1994 and is based in Islamabad, Pakistan...

Mobilink House 1-A

Kohistan Road

F-8 Markaz

Islamabad,  

Pakistan

Founded in 1994

Phone:

92 51 281 7533

Key Executives for Pakistan Mobile Communications Ltd.

Chief Executive Officer and President
Age: 54
Chief Financial Officer
Chairman of Orascom Telecom Holding and Chief Executive Officer of Orascom Telecom Holding
Age: 61
Vice President of Business Development, Vice President of Strategic Planning and Vice President of PMO
Head of Customer Services
Compensation as of Fiscal Year 2015.

Pakistan Mobile Communications Ltd. Key Developments

Pakistan Mobile Communications Limited and Warid Telecom (Private) Limited Announce Appointment of Management for Merger Company

VimpelCom Ltd. and Global Telecom Holding S.A.E together with Warid Telecom Pakistan LLC and Bank Alfalah Limited, announced that the companies have reached an agreement to merge their Pakistan telecom businesses. This merger of Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Private) Limited (Warid) will see the combined entity serving 45 million customers. As part of this transaction, Mobilink will first acquire 100% of Warid's shares in consideration for the Dhabi Group shareholders acquiring approximately 15% of the shares of Mobilink. Following the completion of this, the parties intend to merge Warid into Mobilink in due course. This transaction is expected to close within six months from 26 November 2015, subject to obtaining approvals from the relevant authorities in Pakistan and the satisfaction of customary closing conditions. Upon successful completion of the transaction, Mobilink's CEO Jeffrey Hedberg will become the CEO of the combined business and Mobilink's CFO Andrew Kemp will become the CFO of the combined function.

Mobilink Reports Financial Results for Third Quarter of 2015

Mobilink reported financial results for third quarter of 2015. The company recorded revenue growth of 6%. The increase in revenue was driven by mobile data of growth of 78% year-on-year and higher mobile financial service revenue, a 61% year-on-year increase. At the end of the quarter, mobile financial service revenue represented almost 3% of service revenue. However, quarter-over-quarter, the company has an increase in the base by 5%, driven by a stronger segment focused approach to customer base and a revised channel commission structure, bringing greater price simplicity and transparency for customer. The company had cost efficiency initiative, mainly in procurement and in utilities, and these have driven EBITDA margin growth, which has increased 6 percentage points, reaching 41%.

Warid And Pakistan Mobile Reportedly Merged

Warid Telecom (Pvt) Limited and Pakistan Mobile Communications Ltd. have reportedly merged. VimpelCom Ltd. (NasdaqGS:VIP) had acquired Warid from Abu Dhabi Group through Pakistan Mobile, Daily Times learnt. “Mobilink’s bid for the merger and acquisition of Warid reached beyond the advance levels, as Mobilink had completed due-diligence of Warid two months ago, while the merger of both companies is expected to be announced officially in January 2016,” sources privy to the deal told. Sources said Warid would remain a separate entity and the name of company wouldn’t change initially and Abu Dhabi Group would keep about 20% to 30% shares as its ownership. According to sources, necessary arrangements and negotiations have almost been finalized and a purchase agreement is expected to be signed by the end of 2015. The consideration and other financial matters are not yet known. The Daily Times added that Mobilink’s spokesman declined to comment on the news saying, “We don’t comment on market rumors or speculation,” while Warid’s official also refused to comment on the ongoing developments.

Similar Private Companies By Industry

Company Name Region
Telenor Pakistan Ltd. Middle East/Africa
M3Tech Pakistan (Pvt.) Limited Middle East/Africa
China Mobile Pakistan Limited Middle East/Africa
Ericsson Pakistan (Pvt.) Ltd. Middle East/Africa
Wincom (Private) Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 26, 2015
Warid Telecom (Pvt) Limited
 

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