Telenor Likely to Acquire Wateen Telecom 2016
Why Telenor is Interested in Wateen? : The Abu Dhabi-based telecommunication company, Wateen, is one of the largest fiber optic networks in Pakistan. It provides the solutions for internet, multimedia, voice and enterprise solutions. It will help out Telenor to take it 4G service to the maximum number of cities across the country.
The year 2016 came with the massive acquisitions, mergers and partnership across the globe. Pakistani business industry has also been going through this as well. According to the latest news, Telenor is holding talks with Wateen Telecom to acquire, which will help the Pakistan arm of Norwegian cellular company to offer high-speed data services in the country as recently the cellular company has started 4g service.