(Telecompaper) The shareholders of Pakistani service provider Wateen Telecom and Qubee plan to combine the companies' wireless broadband businesses. Abu Dhabi Group, the majority shareholder of Wateen Telecom, and New Silk Route Private Equity Asia Fund, the ultimate majority shareholder of Qubee, will form a combined wireless broadband business from Wateen and Qubee with over 200,000 subscribers. Investments of over USD 25 million are planned to improve and expand coverage of the combined network and with a view to upgrade to LTE in the future. The transaction is subject to the requisite corporate, regulatory and governmental approvals, and is targeted to be completed within the first half of year 2014.