Mobilink, Pakistan's market leader in cellular services and a part of Orascom Telecom Holding (OTH), welcomes the positive vote expressed by the majority of VimpelCom Ltd ("VimpelCom") shareholders in today's Special General Meeting ("VimpelCom SGM").
Following this favourable outcome, the management teams of VimpelCom and WIND TELECOM will proceed in satisfying the conditions precedent for the completion of the Transaction, which is expected to take place in the first half of 2011.
Commenting on the decision which will create the world's sixth largest mobile telecommunications carrier by subscribers, with pro forma net operating revenues of US $21.3 billion and pro forma EBITDA of US $9.4 billion for the year ended 31 December, 2009, Rashid Khan, President and CEO, Mobilink shared, "The decision which is in favour of the merger is slated to change the global telecommunication scenario.-PR
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