Pakistani telco Wateen Telcom and Bangladesh-based Qubee are set to merge their wireless broadband operations in Pakistan, backed by a planned joint investment of US$25m towards the improvement and expansion of both networks.
The development has been…
Pakistani telco Wateen Telcom and Bangladesh-based Qubee are set to merge their wireless broadband operations in Pakistan, backed by a planned joint investment of US$25m towards the improvement and expansion of both networks.
The development has been engineered by Wateen owner Abu Dhabi Group and Qubee major shareholder New Silk Route in an attempt to create the country’s second-largest broadband provider with over 200,000 customers.
A statement on Wateen’s website said the new business aims to enhance high-speed broadband with the phased upgrade to 4G LTE.
Naeem Zamindar, CEO of Wateen Telecom, said the combined entity will usher in a “new era of collaboration for the broadband industry and leap-frog the challenges in its aim to provide access to high-speed 4G data”.
The deal, which is subject to regulatory and corporate approval, is set to completed within the first half of 2014.
