Jazz

Pakistan Mobile Communications Limited, doing business as Jazz, is Pakistan's largest mobile network and internet services provider formed by the merger of Mobilink and Warid Pakistan. It provides a range of services for prepaid and postpaid customers to individual and corporate clients. It is headquartered in Islamabad, and the current CEO is Aamir Hafeez Ibrahim. History Formerly known as Mobilink, the company was founded in 1994 as a joint venture between Saif Group and Motorola Inc. In February 2001, Egypt based Orascom Investment Holding bought Motorola’s shares in Jazz to become the majority shareholder with 69% control. Then, in June 2007, Orascom further purchased the remaining shares under Saif Group’s control to become Jazz’s 100% owner. In 2010, Russian operator VEON agreed to acquire most of the telecom assets of Orascom, including Jazz, in a $6.5 billion deal, creating the world’s fifth-largest mobile network operator by subscriber base. In November 2015, VEON announced the 100% acquisition of Pakistan’s Warid Telecom, a subsidiary of Abu Dhabi Group. Completed in July 2016 after due approvals, the first-ever local telecom company acquisition created a combined subscriber base of 50 million.