Warid Telecom
 | |
| Private | |
| Industry | Telecommunication |
| Founded | 2004 |
| Headquarters | 301, Dhabi Tower, Hamdan Street, Post Box 44222, Abu Dhabi, United Arab Emirates |
Key people |
Sheikh Nahayan Mabarak Al Nahayan, Chairman Bashir Tahir, founding CEO (retired) |
| Products | Telephony, LTE, WiMAX, EDGE, GPRS, GSM |
| Website |
Official Pakistan Official Congo Official Uganda |
Warid Telecom International (Arabic: وريد تليكوم الدولية) is an Abu Dhabi-based mobile telecommunication investment firm whose portfolio companies provide telephony services in the Republic of the Congo, Pakistan, and Uganda.
Pakistan
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. The licence was bid for and acquired by a team led by Bashir Tahir the former CEO of the Abu Dhabi Group, which is the parent company of all Warid operations.[1]
Warid Pakistan launched its services in May 2005. Within 80 days of launch Warid Pakistan claims to have attracted more than 1 million. users.[2]
On June 30, 2007, Singapore Telecommunications Limited (SingTel) and Warid Telecom announced that they have entered into a definitive agreement subsequent to which SingTel will acquire a 30 percent equity stake in Warid Telecom for an estimated $758 million, valuing the company at an enterprise value of $2.9 billion.[3]
SingTel sold back that stake in January 2013 for $150 million and a right to receive 7.5 per cent of the net proceeds from any future sale, public offering, or merger of Warid.[4]
On November 26, 2015 VimpelCom and Dhabi Group agreed to merge Mobilink and Warid into a single company.[5]
Bangladesh
In December 2005, Warid Telecom International LLC obtained a 15-year GSM license to operate as the sixth mobile phone operator in Bangladesh for US$50 million. Warid Bangladesh started rolling out its network from mid-2006, and launched commercial operations on May 10, 2007, covering 26 districts. It uses the code 16 preceded by the code number of Bangladesh +880. Warid Bangladesh has acquired a million subscribers within 70 days of launch.
Warid Telecom sold 70% of its stake in Bangladesh operations to India's Bharti Airtel for US$300 million receiving regulatory approval from the Bangladesh Telecommunication Regulatory Commission (BTRC) on January 4, 2010.[6]
On December 20, 2010, Warid Telecom was rebranded as Airtel.
Georgia
Licence awarded.
Network Technology
| Network | Status | Date | Note |
|---|---|---|---|
| Live/Active | unknown | [7] |
Ivory Coast
Licence awarded.[8]
Republic of Congo
Launched service in January 2008.[9] On 5 November 2013, The Wall Street Journal reported an acquisition by Airtel.[10]
Network technology
| Network | Status | Date | Note |
|---|---|---|---|
| Live/Active | November, 2007 | [11] | |
Uganda
Planned to launch services in Uganda by the fourth quarter of 2007. Warid is also set to deploy a WiMAX network throughout Uganda through its sister concern Wateen Telecom.[12] Acquired by Airtel in 2013.[13]
Network Technology
| Network | Status | Date | Note |
|---|---|---|---|
| Live/Active | January, 2008 | [11] | |
| Live/Active | unknown |
References
- ↑ http://m.arabianbusiness.com/royal-flush-57528.html
- ↑ Warid, Pakistan, gains 1 million GSM subscribers in 80 days - Ericsson Customer Success Stories
- ↑ SingTel Confirms to Stake for $758 Million
- ↑
- ↑ "Mobilink, Warid Telecom announce merger". DAWN. November 26, 2015. Retrieved November 27, 2015.
- ↑ http://online.wsj.com/article/SB10001424052748703436504574639763075967666.html
- ↑ "Warid Telecom wins Georgian WiMAX licence". Telecompaper. 2007-11-21. Retrieved 2014-04-19.
- ↑ "Cote d’Ivoire: Warid Telecom pays for licence but can’t get enough spectrum to operate". Balancing Act. 2009-03-13. Retrieved 2014-04-19.
- ↑ "Congo-Brazzaville: Warid Telecom Launches". AllAfrica. 2008-01-18. Retrieved 2014-04-19.]
- ↑ "Bharti Airtel to Buy Warid Group's Congo Telecom Operations". The Wall Street Journal. 2013-11-05. Retrieved 2014-04-19.
- 1 2 Warid Congo SA - Network Information
- ↑ Warid plans WiMAX network in Uganda - Telecompaper
- ↑ "Uganda regulator clears Airtel’s Warid Telecom acquisition". Mint. 2013-05-13. Retrieved 2014-04-19.