Header Ads Widget

Responsive Advertisement

The Merger of Warid Telecom with Mobilink would open a new window of opportunity for investment, CEO VimpelCom

ISLAMABAD: A delegation of the reputed telecom concern, VimpelCom led by its CEO, Mr. Jean-Yves Charlier called on Finance Minister, Senator Mohammad Ishaq Dar here on Monday. Minister of State for IT, Anusha Rehman Khan was present on the occasion.

According to the statement issued by the Director General of Media for the Ministry of Finance, Mr. Jean-Yves Charlier briefed the Finance Minister about current profile of VimpelCom saying it has Mobilink as its Operating Company in Pakistan. VimpelCom has US$ 5 billion investment in Pakistan since inception and delivers services to 38 million customers. He said that the merger of Warid telecom with Mobilink if approved would open a new window of opportunity for enhancing investment and employment generation in Pakistan. VimpelCom, Mr. Jean-Yves Charlier said as the leading investor and taxpayer, remains committed to supporting Pakistan’s economy.


Read:
 ADB to provide US$ 178 million for National Motorway M-4 Gojra-Shorkot Section Project

Minister Dar on this occasion appreciated the economic contribution of VimpelCom. He said the Ministry of IT under the leadership of Minister of State Anusha Rehman Khan has come up with a comprehensive telecom policy which not only encourages foreign investment but also envisages to extend IT/telecom facilities to the under-served and far-flung areas of the country. He said in that context, VimpelCom/Mobilink could contribute in expanding the telecom sector to encompass underserved areas of the country.

Mr. Jean-Yves Charlier said, his company welcomed and highly appreciated the present government’s business and investment friendly policies and would put in its best to continue to provide quality telecom services to the Pakistani customers.


Read:
 K-Electric, OPIC execute commitment letter for US $ 250 million financing

Minister Dar said Pakistan’s economic turnaround had been acknowledged by leading international financial organizations and that VimpelCom’s plans to enhance investment in Pakistan were another manifestation of this acknowledgement.

Post a Comment

0 Comments