VimpelCom and Global Telecom Holding combine Pakistan telecom business with Warid

Telecom

Combined Mobilink and Warid Telecom business to serve over 45 million mobile customers and will become

the leading high-speed mobile network in Pakistan

VimpelCom Ltd. ('VimpelCom') and Global Telecom Holding S.A.E. ('GTH'), together with Warid Telecom

Pakistan LLC and Bank Alfalah Limited ('Dhabi Group shareholders'), have today reached an agreement to merge

their Pakistan telecom businesses. The merger of Pakistan Mobile Communications Limited ('Mobilink') and

Warid Telecom (Private) Limited ('Warid') will see the combined entity serving 45 million customers. The

transaction is the first merger in the mobile telecommunications sector in Pakistan.

Together with continued investments, the new entity will allow Mobilink and Warid to accelerate the availability

of high-speed mobile telecommunications and provide consumers and businesses with a best-in-class

mobile network, more competitively priced services and wider access to enablement facilities such as mobile

financial services.

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