Warid Telecom (Pvt) Limited

July 31, 2010 - PRLog -- 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 percent equity stake in Warid Telecom, Pakistan, for US$758 million. 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 percent), Bharti Telecom Group - India (30.5 percent), Optus Telecom - Australia (100 percent), Globe Telecom - Philippines (44.5 percent), Pacific Bangladesh Telecom (PBTL) - Bangladesh (45 percent), Telkomsel - Indonesia (35 percent) and Warid Telecom - Pakistan (30 percent).

Message of Chairman of Warid Telecom "By the grace of Allah‚ we have completed four successful years of Warid Telecom Pakistan and are beginning an exciting fifth one. In these three years since Warid Telecom has launched in Pakistan, our organization has gone from its conceptual infancy stage to a challenger, and finally are moving forward to become a force. We have expanded in every way possible.

In our fifth year, we will continue to expand and take our network and subscribers to the most dominant levels of Pakistan. We wish to make this year a new era for ourselves and the country, a time when Warid Telecom will become the primary service provider for all communication needs. We will spare no effort, cost or determination to ensure that Warid Telecom becomes a company to serve the people of Pakistan most effectively."

Share Holders 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 percent equity stake in Warid Telecom, Pakistan, for US$758 million. This partnership is part of a strategy to support Warid Telecom's continued growth and to enhance its market position.

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You Can visit http://www.paktelecom.net for more details

Warid Telecom (Pvt) Limited
http://www.paktelecom.net

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