September 28, 2016 2:22 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
Chief Financial Officer
Chairman of Orascom Telecom Holding and Chief Executive Officer of Orascom Telecom Holding
Age: 62
Vice President of Business Development, Vice President of Strategic Planning and Vice President of PMO
Head of Customer Services
Compensation as of Fiscal Year 2016.

Pakistan Mobile Communications Ltd. Key Developments

Telenor Reportedly In Talks To Acquire Wateen Telecom

According to the latest news, Telenor ASA (OB:TEL) is holding talks with Wateen Telecom Limited to acquire, which will help the Pakistan arm of Norwegian cellular company to offer high-speed data services in the country as recently the cellular company has started 4g service. It counts to mention here that both Pakistan Mobile Communications Ltd. (Mobilink) and Telenor are separately holding meetings with Wateen, but nothing has been finalized as of yet. “We know we have to move to the next stage of services, as there is high demand of 4G in the country, for which we need one of fastest IT services,” one of the officials of Telenor said. According to sources the potential likely to occur pact with one of leading telecom companies in Pakistan, Wateen, was designed in Oslo. Sources also claimed that everything had been discussed, and only the official response by Wateen is on the waiting list.

Mobilink Announces Unaudited Earnings Results for the Second Quarter and Six Months Period Ended June 30, 2016

Mobilink announced unaudited earnings results for the second quarter and six months period ended June 30, 2016. For the quarter, the company reported service revenue of USD 268,800 against USD 244,300 a year ago. EBITDA was USD 114,600 against USD 106,300 a year ago. Revenue increased 14% with mobile service revenue increasing by 13%, despite the shift in Ramadan which had a negative year-on-year impact of 0.8% in the quarter. For the six months, the company reported service revenue of USD 526,100 against USD 480,600 a year ago. EBITDA was USD 230,800 against USD 202,200 a year ago.

Pakistan Mobile Communications Ltd. Announces Management Changes

VimpelCom and Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah 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. With the completion of the merger transaction, Mobilink now enters the next major phase of its transformation and Chief Executive Officer Jeffrey Hedberg will hand over the CEO role of Mobilink and Warid to Aamir Ibrahim, currently Chief Commercial Officer and Deputy CEO of Mobilink. Aamir will drive forward and execute the Mobilink and Warid integration, supported by a world-class transformation team from the VimpelCom Group. With effect from July 1, 2016, the Mobilink board is chaired by His Highness Sheikh Nahyan Mubarak Al Nahyan, with Jon Eddy as Vice Chairman and consists of five other directors nominated by VimpelCom and GTH. The Warid board is chaired by His Highness Sheikh Nahyan Mubarak Al Nahyan, with Jon Eddy as Vice Chairman and consists of three other directors nominated by VimpelCom and GTH. On conclusion of the legal merger, the combined entity will have a single board and management structure. As of July 1, 2016, Aamir Ibrahim becomes the CEO of both Mobilink and Warid. Andrew Kemp, the current CFO of Mobilink, will also assume the Warid CFO role.

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Recent Private Companies Transactions

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

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