Warid Telecom the mobile operator in Pakistan is on for sale. Abu Dhabi owner of Warid Telecom is ready to sell out the mobile service and China Mobile (Zong) and Etisalat (PTCL co-owner) has shown interest in buying Warid Telecom, according to media reports.
According to reports Warid company is ready to sell out all 100-per cent of shares of Warid Telecom whereas Warid owners are also interested in selling a smaller controlling stake. In 2007 Warid sold its 30% stake Singapore Telecommunication company SingTel. However in January 2013 it bought back 30% stakes from Singtel of Singapore.
Warid was launched in 2005 in Pakistan and it has 12.54 million mobile subscribers at the end of March, 2013. In 2010-11 Warid had 17.39 million subscribers. Now Warid is the smallest mobile operator in Pakistan in terms of mobile subscriber.
Pakistan’s mobile subscriber has rose by 12.2% to 122.1 million from 2010-11 to March, 2013 which means Warid’s market share fell from 16% to 10.3%.
fysisoft
Oh..Thats really sad… I love the services of Warid….and I know Etisalat is too costly….;(
Nawaz
but for ur’s knowledge Itisalat will not diduct ur’s recharge
Prince
Yes this was the ought to done to sale the company, bcoz there subscribers are decreased up to 5 millions in 3 year. Because of unavailability of attractive package, low competing competency and unable to upper marketing management to fulfill the need of the hour in Pakistan.
Nasir
Well..Jaha tak dekha jaye …. Pakistan mai Taxes ki sharah day by day mai izafa ho raha hai jo….Companies ke lie kafi had tak nuqsan deh hai..aor jaisa ke Marketing Management of Warid hasn’t show that progress which needs to be in the market..so, due to which they have to quit and have to Sale out their Services..in Pakistan.
ahmad
its really sad but its truth warid has good system but issue is dont have have good management all are sifarshi tcs management
Sheharyar
mere khyal me warid ke flop hone ki sb se bari waja off net pe bht mahengi call hy… other wise warid is the best. I personally use warid since 2006 till date.
Danieal
Warid is standard quality network, it is not possible that Chinese can purchase to this
warid will work inshaallah. because itis life ka network
sajid
i heard that news like for years before, when my friend who worked in warid said “ye log chor kar bhag jaegay sab warid main corruption bht hai” i said ja oye