China Mobile International is talking to acquire major stakes in Transworld. This is still a news but it is big one in telecom industry.
As you may know that Zong is the daughter company of China Mobile International (CMI). CMI is now in discussions with Transworld for acquisition. Transworld is part of Saif Group, well known because of their tier1 fiber optics under the sea.
As per the sources, if everything works out according to plans, it will give china mobile (Zong) access to TWs extensive IP network not only in Pakistan but over all.
Well so far it is just talks nothing is confirmed from both sources. These talks are not taking place in Pakistan as per news.
If deal is done, CMI will take major hold of the company including top level management. It will become major share holder.
It is a joint venture of Orascom Investment Holding and Dr. Omar Abdul Mone’m Yousuf Al Zawawi of Sultanate of Oman.
Transworld started its operations in Pakistan in 2006 and currently owns its 1,300 KM submarine cable system TW1 and is also a consortium member of the 20,000KM fiber optic cable system SEA-ME-WE 5 which is a multiregional data superhighway connecting Pakistan to Asia Pacific, Middle East and Europe.
As per ProPakistani
China mobile has been looking after some FTTH company via Zong for a long time now, after these talks with Transworld, it will be easier for Zong to play the lead role in wireless as well as FTTH business.
As you know when acquisition takes places, it brings loads of heavy investments and major changes in market for customers as well as existing employees.
This thing will bring a major change in market of ISPs. Now is the time when they will compete all the FTTHs available in Pakistan including PTCL’s naya network, Nayatel, Optix and others little companies.
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