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Telenor raises concerns with CCP over Mobilink-Warid merger

February 14, 2016 at 8:48 am | News Desk

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Telenor Pakistan has raised its concern over Mobilink-Warid merger and has approached Competition Commission of Pakistan over the anticipated Mobilink-Warid deal that is currently being heard by CCP for mandatory regulatory approvals, we have checked with sources.

According to sources, who are directly aware of the development, Telenor Pakistan has approached CCP with its concerns to ideally block the Mobilink-Warid merger.

Mobilink and Warid had agree to merge their businesses in Pakistan. Both companies are currently in process of getting approvals from competition commission.

Telenor Pakistan, at the same time, has raised its concerns with the Commission and said that deal — in its current form — could negatively impact the industry.

According to sources, Telenor has raised its concerns over taxes on telecom industry as well and said that if taxes aren’t rationalized then more such mergers in telecom industry would be imminent.

A source at CCP confirmed that commission has received objections from Telenor Pakistan but said that he won’t comment anything on the outcome of these objections….ProPakistani.com 

News Desk

Economic Affairs Editor

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