USD250 million equity investment for Warid Telecom (Pakistan)

January 29, 2009 at 16:38 1 comment

The Pakistan Observer is reporting that mobile operator Warid Telecom has received equity investment of USD250 million from its joint shareholders, the Abu Dhabi Group and SingTel. Warid, launched commercial services in May 2005, is likely to use the funds to further expand its network coverage. At the end of December 2008 the cellco claimed it had coverage in over 450 cities and 7,200 towns across the country, offering services over its GSM-based infrastructure. Tariq Gulzar, Warid’s chief financial officer said of the announcement, ‘This equity injection…demonstrates the confidence reposed by our shareholders in the company’s ability to continue to provide highest level of quality services to our valued subscribers at very affordable prices. We are going to further enhance our technical and retail network across the country to exceed the expectations of our existing and potential subscribers’.

Wireless Industry News

Advertisements

Entry filed under: Asia, Financial, GSM, Mobile Network Operator, Pakistan, Singtel, Warid Telecom. Tags: , , , , , , .

Zain in talks for stake in Paltel (Palestinian Territory) Tata Communications posts solid 3Q results; net profit, EBITDA, revenue all increase

1 Comment Add your own

  • 1. ATTA ULLAH  |  September 5, 2009 at 10:51

    is the warid gsm works in qatar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Feeds

Email Newsletter

Recent Posts

Top Posts

January 2009
M T W T F S S
« Dec   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Categories


%d bloggers like this: