CCP Bars Telenor and Others from Issuing Any Statement on Mobilink-Warid Merger by Infompak
Competition Commission of Pakistan has directed Telenor Pakistan and other involved parties not to interact with media and issue any statements regarding Mobilink-Warid merger as the matter is subjudice and pending decision, we have checked with sources.
CCP’s directions came after Telenor officially approached CCP and raised its concerns over Mobilink-Warid merger with a hope to ultimately block the deal.
As we reported earlier, Telenor showed its reservations over the deal and said that it could negatively impact the telecom industry and consumers.
A source at CCP confirmed to Infompak that the Commission, which is currently hearing the Mobilink-Warid merger case, has asked Telenor Pakistan and all other parties of the case to refrain from issuing any press statements until a decision is reached and announced by CCP.
It maybe recalled that CCP today heard Mobilink-Warid merger case for the first time. A source, who is directly aware of the hearing, confirmed to Infompak that both Mobilink and Warid presented preliminary details about their planned merger today.
When asked about the expected time the CCP could take for reaching a decision, the source said that the jury could take a maximum of 90 days to wrap up the proceedings as per law. However, it is anticipated that CCP won’t take that long to decide the case, the source disclosed.
We will keep our readers updated with any further developments on this.
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