Warid Telecom Gets Funding for Network Expansion January 30, 2009
Posted by aikservices in Financial, Mobile Network Operator, Pakistan, Singtel, Warid Telecom.Tags: Financial, Mobile Network Operator, Pakistan, Singtel, Warid Telecom
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Pakistani mobile network operator, Warid Telecom says that it has had an injection of US$250 million in equity by its two joint shareholders, Singtel and the Abu Dhabi Group. The company said that the funds will be used to expand the network coverage.Tariq Gulzar – Warid’s Chief Financial Officer said, This equity injection of US$250 Million by the company’s shareholders, namely Abu Dhabi Group and SingTel, 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.
Warid Pakistan 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 Pakistan, for US$758 million.
Pakistan sees mobile user base drop to 90.41 million December 31, 2008
Posted by aikservices in Asia, Instaphone, Mobile, Mobilink, Pakistan, Telecom, Telenor, Ufone, Warid Telecom, Wireless, Zong.Tags: Asia, Instaphone, Mobile, Mobilink, Pakistan, Telecom, Telenor, Ufone, Warid Telecom, Wireless, Zong
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Pakistan ended November with 90.41 million mobile phone users decreasing by 0.1 percent compared with 90.51 million in October, according to figures from market regulator PTA. Mobilink was the market leader with 30.06 million customers, losing 827,000 customers during November, followed by Ufone with 19.1 million. Telenor was in third place with 18.88 million subscribers, followed by Warid with 16.66 million subscribers. Zong‘s subscribers reached 5.39 million, while Instaphone subscribers remained steady at 321,134. Mobile teledensity stabilised at 56.20 percent in November.
