OPPapers.com

Hello

Warid Telecom International is an Abu Dhabi based mobile telecommunication firm providing telephony services in Bangladesh, Congo, Pakistan and Uganda. Warid is expected to launch in the Ivory Coast and Georgia soon.
In 2004, Warid Telecom International LLC, purchased a license for operating a nationwide mobile telephony network, (WLL) and long distance international (LDI) for $291 million US dollars and was the first venture of Warid Telecom International LLC.
Warid Pakistan launched its services in May 2005. Within 80 days of launch Warid Pakistan claims to have attracted more than 1 million. Users.According to Pakistan Telecommunication Authority, currently Warid Telecom has 17.37 million subscribers as of March 2009. It is ranked as the fourth largest operator in Pakistan. Warid Pakistan claims it has the largest "post-paid" subscriber base in Pakistan.
Warid Telecom is a joint venture between Abu Dhabi Group & SingTel Group. Abu Dhabi Group entered into a strategic alliance with Singapore Telecom. Subsequent to this transaction in July 2007, telecom giant SingTel acquired 30% percent equity stake in Warid Telecom, Pakistan, for US$758 million - valuing the company at an enterprise value of $2.9 billion.This partnership is part of a strategy to support Warid Telecom's continued growth and to enhance its market position.
Abu Dhabi Group, one of the largest business groups in the Middle East and the single largest foreign investor in Pakistan. It has diversified business interests, offering strong financial resources and extensive management expertise that result in commercial success for several institutions.
SingTel's investment in mobile operations include, Advanced Info Service (AIS)?-Thailand, (21.4%), Bharti Telecom Group - India (30.5%), Optus Telecom - Australia (100%), Globe Telecom - Philippines (44.5%), Pacific Bangladesh Telecom (PBTL)?- Bangladesh (45%), Telkomsel - Indonesia (35%) and Warid Telecom - Pakistan (30%).
In August 2008 Warid...