Wateen and Qubee to merge wireless broadband ops

5 Dec 2013

The Pakistani operators Wateen Telecom and Augere/Qubee are to merge their respective WiMAX wireless broadband operations, in a deal which will create the country’s second largest broadband service provider with some 200,000 subscribers. Abu Dhabi Group, the majority shareholder of Wateen Telecom, and New Silk Route Private Equity Asia Fund, the ultimate majority shareholder of Augere/Qubee, say they intend to ‘re-energize the wireless broadband market with planned investments of more than USD25 million for the improvement and expansion in coverage of the combined network of both companies’. There will be a phased upgrade from WiMAX to TD-LTE 4G technology, they add.

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.’ The transaction is subject to the requisite corporate, regulatory and governmental approvals, and is scheduled to be completed in the first half of 2014.

Pakistan, Qubee (Augere), Wateen Telecom