ISLAMABAD – Another big development is now in town just after the announcement of merging Mobilink’s sister company Infinity and Qubee, but now Qubee surprisingly ready to merge with another Internet Service Provider (ISP) in the country ‘Wateen Telecom’.
Pakistan is considered as potential online market due to huge numbers of internet users base where independent sources claim that more than 40 million people use internet via different ways.
According to the information available to the PakistanTribe.com both companies are agreed to merge their operations.
“Wateen and Qubee have decided to merge operations”, said an official press release issued by both internet service providers.
“Abu Dhabi Group (the majority shareholder of Wateen Telecom) and New Silk Route Private Equity (PE) Asia Fund (the ultimate majority shareholder of Augere/Qubee), agreed to combine their wireless broadband businesses in Pakistan.
After approval from the concern authories Qubeee/Wateen will become second largest WiMAX operator after WiTribe in Pakistan with over 200,000 subscribers.
Speaking on the occasion, Naeem Zamindar, CEO of Wateen Telecom stated “We are confident that the formation of the new broadband business 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, seamless connectivity and cutting edge digital services for the people of Pakistan.”
Jamal Nasir Khan, CEO of Augere’s business in Pakistan said, “We are delighted to announce the formation of this new stronger broadband business in Pakistan. We believe that the combined business will be able to better serve customers by providing high capacity affordable broadband connections which will drive up penetration in Pakistan, allowing an ever larger number of people to join the digital community with superfast access to the internet.”
The network upgrade will make it a best in class high speed broadband network with the phased upgrade to 4G LTE (Long Term Evolution) technology that will contribute to a broadband revolution in Pakistan and significantly enhance its position in the new digital economy.
The new business also intends to make investments available to introduce innovative value added services and devices to improve broadband penetration in Pakistan.