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Mobitel+denies+assumptions+on+acquisition
Monday, 30 November 2015 - 12:39
Mobitel denies assumptions on acquisition
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This is with reference to the publicity given in some of the print and digital media with regard to an acquisition contemplated by Mobitel (Pvt) Ltd. In this regard, Mobitel denies the assumptions and opinions made on the subject that Mobitel is intending a payment which is over and above the value of the target entity.

Mobitel (Pvt) Ltd has stated that they are considering a strategic acquisition of a local operator to enhance the market position and asset base in line with a strategic investment plan.

Further, Mobitel stated that they are following the due process required to be complied for such a transaction and no finality has been reached.

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