Warid Sells 63% Shares to Telenor in Abu Dhabi on 13th Nov.09 at 3 P.M.

[JQ]

I saw this news ticker on Business Plus channel today (14th Nov.) If
this is running on the TV then this news might be confirmed. So what
will be outcome of this deal in near and far future. Please discuss.

JQ

[Qasim Y. Khan]

looks like a lot of people will be looking for jobs again. Especially top management, Hope not much of Wateen they are absorbing in

[aamir attaa]

[Off topic] It is interesting that we still look for confirmations in conventional media

Regards,
Aamir Attaa

2009/11/15 Qasim Y. Khan <qa...@qasimkhan.com>

[Haris Shamsi]

Aamir, there is no "CONFIRMATION' in unconventional media as well !!! as far as i know - Yes there is an understanding at higher level between both managements however the modalities are still being discussed and no decision has been reached till now.

/HS

[aamir attaa]

@ Haris Agreed...

[Atif Wajid]

I found a good flash note on it. you may see the attached analysis and evaluate the impact.

 

Regards/Atif

@ Haris Agreed...

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[Sheikh Usman N.]

Actually there are two scenarios for payment, one is through stocks and other is cash. Abu Dhabi group would not mind off-loading all the 70% stake in Warid if required to do so. Bank Alfalah definitely gains alot through this transaction.

If you look at the figures, it turns out to be USD114/Subscriber if its $1.3B for 63%. Therefore, looking at Ufone, that adds substantially to the value of PTCL stock. Basically, whether this deal goes through or not, main thing is to look at Ufone now. Ufone is adding alot of value to PTCL. Therefore, buy PTCL!

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Sheikh Usman N.

"First they ignore you, then they laugh at you, then they fight with you, then you win"
-Gandhi

http://sms-wisdom.blogspot.com/

[Bilal Khan]

They have sold Congo and Uganada as well to an Essar Group of India..

 

http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091116/BUSINESS/711169936/1054

Sincerely,
Bilal Khan
QixTel Communications
Tel: +92-91-5830528
Mob: +92-313-559-3366

[H.M]

According to some of the news Channels,Warid Top Management have
denied these News saying that Warid is proud of its services and is
not selling or merging with any operator.

- H.M

On Nov 18, 1:32 pm, Bilal Khan <bkni...@gmail.com> wrote:
> They have sold Congo and Uganada as well to an Essar Group of India..
>

> http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091116/BUSINES...

>
> On Wed, Nov 18, 2009 at 12:01 PM, Sheikh Usman N. <usman.nad...@gmail.com>wrote:
>
>
>
>
>
> > Actually there are two scenarios for payment, one is through stocks and
> > other is cash. Abu Dhabi group would not mind off-loading all the 70% stake
> > in Warid if required to do so. Bank Alfalah definitely gains alot through
> > this transaction.
>
> > If you look at the figures, it turns out to be USD114/Subscriber if its
> > $1.3B for 63%. Therefore, looking at Ufone, that adds substantially to the
> > value of PTCL stock. Basically, whether this deal goes through or not, main
> > thing is to look at Ufone now. Ufone is adding alot of value to PTCL.
> > Therefore, buy PTCL!
>

> > On Wed, Nov 18, 2009 at 10:41 AM, Atif Wajid <atwa...@gmail.com> wrote:
>
> >> I found a good flash note on it. you may see the attached analysis and
> >> evaluate the impact.
>
> >> Regards/Atif
>
> >>   On Sun, Nov 15, 2009 at 10:12 PM, aamir attaa <aam...@gmail.com> wrote:
>
> >>> @ Haris Agreed...
>

> >>> On Sun, Nov 15, 2009 at 10:06 PM, Haris Shamsi <haris.sha...@gmail.com>wrote:
>
> >>>> Aamir, there is no "CONFIRMATION' in unconventional media as well !!! as
> >>>> far as i know - Yes there is an understanding at higher level between both
> >>>> managements however the modalities are still being discussed and no decision
> >>>> has been reached till now.
>
> >>>> /HS
>
> >>>> On Sun, Nov 15, 2009 at 1:27 PM, aamir attaa <aam...@gmail.com> wrote:
>
> >>>>> [Off topic] It is interesting that we still look for confirmations in
> >>>>> conventional media
>
> >>>>> Regards,
> >>>>> Aamir Attaa
>
> >>>>> 2009/11/15 Qasim Y. Khan <qa...@qasimkhan.com>
>
> >>>>> looks like a lot of people will be looking for jobs again. Especially
> >>>>>> top management, Hope not much of Wateen they are absorbing in
>

[Sheikh Usman N.]

If they are so proud, what happened in Congo, Uganda?

[aamir attaa]

Following report says: Telenor open for in-market consolidation in Pakistan

http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSLJ44922220091119

[H.M]

Usman - I think they said it for Pakistan and Warid Pakistan Top
Management gave this statement and not Warid Abu Dhabi.

Personally speaking there is no reason why Warid would sell to
Telenor,they have already sold stakes to Singtel which is more than
enough for them.

- H.M

On Nov 19, 10:49 pm, aamir attaa <aam...@gmail.com> wrote:
> *Following report says: Telenor open for in-market consolidation in Pakistan
>
> http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSLJ4492222...
>
> *

> On Thu, Nov 19, 2009 at 12:43 PM, Sheikh Usman N. <usman.nad...@gmail.com>wrote:
>
>
>
> > If they are so proud, what happened in Congo, Uganda?
>

[Muhammad Asif]

I think there will be some consolidation in the industry. It can be either Warid + Telenor or any other combination. I wounder if any two players decide to merge than how Competition Commission of Pakistan  or PTA is likely to react to protect consumers.

regards,

MA

[Muhammad Asif]

i think they are hiding the actual news but this is out in the market. it is just a face saving tactics.

MA

Regards,
Muhammad Asif

[Inspirex]

The Competition Commission of Pakistan is on its way out...cartels will reign supreme!

- Inspirex

[Muhammed Nasrullah]

Whats with the inability of PR to speak straight? Check out how they say "there's no telenor-warid deal":

http://www.waridtel.com/about/media/archive/media_rumor.php

Warid gives stance on media rumor
 

Lahore: Warid Telecom (Pvt.) Ltd. is a leading telecom company in Pakistan that is recognized as the most reliable and steadfast telecom operator. Warid Telecom has issued an official statement in response to the rumor on ‘Warid Telecom Merger’. The statement endorses the un-authenticity of the news circulated in the media and it explains clearly that no such information is issued by the company Management. Warid Telecom is a responsible organization that always keep the public update on any developments. (PR).

[Inspirex]

This is what happens when people talk sitting "at" the audience and not "to" the audience.

Sad.

[Sheikh Usman N.]

Well ... lets see ... Warid has come out with a statement does hold some worth, but its important to see that they've just offloaded 51% stake in their African operations. Perhaps, it has gained space and time for the next buyout. However, there are many reasons to believe Warid's buyout. Consolidation is due in Pakistani market. Telenor has launched Easypaisa and is broadening its base/scope with every passing day which is a clear signal they are in no mood to quit. Warid has had many problems both financially and in terms of a proper management. Wateen's CEO recently stated they are going for IPO which means Abu Dhabi group is no longer ready to inject equity in it. We cannot predict, but there are signs for Warid in trouble ...

[Haris Shamsi]

Any idea about warid debts ?

On 11/23/09, Sheikh Usman N. <usman....@gmail.com> wrote:
> Well ... lets see ... Warid has come out with a statement does hold some
> worth, but its important to see that they've just offloaded 51% stake in
> their African operations. Perhaps, it has gained space and time for the next
> buyout. However, there are many reasons to believe Warid's buyout.
> Consolidation is due in Pakistani market. Telenor has launched Easypaisa and
> is broadening its base/scope with every passing day which is a clear signal
> they are in no mood to quit. Warid has had many problems both financially
> and in terms of a proper management. Wateen's CEO recently stated they are
> going for IPO which means Abu Dhabi group is no longer ready to inject
> equity in it. We cannot predict, but there are signs for Warid in trouble
> ...
>
> On Mon, Nov 23, 2009 at 5:02 PM, Inspirex <insp...@gmail.com> wrote:
>
>> This is what happens when people talk sitting "at" the audience and not
>> "to" the audience.
>>
>> Sad.
>>
>>
>> On Mon, Nov 23, 2009 at 4:40 PM, Muhammed Nasrullah
>> <nasr...@gmail.com>wrote:
>>
>>> Whats with the inability of PR to speak straight? Check out how they say
>>> "there's no telenor-warid deal":
>>>
>>> http://www.waridtel.com/about/media/archive/media_rumor.php
>>>

>>> *Warid gives stance on media rumor *
>>>
>>>
>>> *Lahore:* Warid Telecom (Pvt.) Ltd. is a leading telecom company in

Sent from my mobile device

[aamir attaa]

unformed sources, i repeat unconfirmed

Warid Assets: 113 billion rupees
liabl: 63 percent

[Arsalan]

Attaa, I don't know how much of the credit lines and opex credit you
are including in that stated figure, but Warid aren't too leveraged.
Infact that 60 odd percent is more likely around the 40 mark. I can
say that with a certain bit of confidence since Warid were looking to
enter into a currency swap agreement with a local bank, and their
financial position was understood to be fairly sound.

And let's not forget gentlemen that with all its management problems,
Warid has arguably the most sound GSM Network in the country (as
always the superlative is debatable, but Ericsson folks won't disagree
much :) )

Br
Arsalan S

On Nov 23, 8:37 pm, aamir attaa <aam...@gmail.com> wrote:
> unformed sources, i repeat unconfirmed
>
> Warid Assets: 113 billion rupees
> liabl: 63 percent
>

> On Mon, Nov 23, 2009 at 8:01 PM, Haris Shamsi <haris.sha...@gmail.com>wrote:
>
>
>
> > Any idea about warid debts ?
>

> > On 11/23/09, Sheikh Usman N. <usman.nad...@gmail.com> wrote:
> > > Well ... lets see ... Warid has come out with a statement does hold some
> > > worth, but its important to see that they've just offloaded 51% stake in
> > > their African operations. Perhaps, it has gained space and time for the
> > next
> > > buyout. However, there are many reasons to believe Warid's buyout.
> > > Consolidation is due in Pakistani market. Telenor has launched Easypaisa
> > and
> > > is broadening its base/scope with every passing day which is a clear
> > signal
> > > they are in no mood to quit. Warid has had many problems both financially
> > > and in terms of a proper management. Wateen's CEO recently stated they
> > are
> > > going for IPO which means Abu Dhabi group is no longer ready to inject
> > > equity in it. We cannot predict, but there are signs for Warid in trouble
> > > ...
>

> > > On Mon, Nov 23, 2009 at 5:02 PM, Inspirex <inspi...@gmail.com> wrote:
>
> > >> This is what happens when people talk sitting "at" the audience and not
> > >> "to" the audience.
>
> > >> Sad.
>
> > >> On Mon, Nov 23, 2009 at 4:40 PM, Muhammed Nasrullah

> > >> <nasrul...@gmail.com>wrote:

>
> > >>> Whats with the inability of PR to speak straight? Check out how they
> > say
> > >>> "there's no telenor-warid deal":
>
> > >>>http://www.waridtel.com/about/media/archive/media_rumor.php
>
> > >>> *Warid gives stance on media rumor *
>
> > >>> *Lahore:* Warid Telecom (Pvt.) Ltd. is a leading telecom company in
> > >>> Pakistan that is recognized as the most reliable and steadfast telecom
> > >>> operator. Warid Telecom has issued an official statement in response to
> > >>> the
> > >>> rumor on ‘Warid Telecom Merger’. The statement endorses the
> > >>> un-authenticity
> > >>> of the news circulated in the media and it explains clearly that no
> > such
> > >>> information is issued by the company Management. Warid Telecom is a
> > >>> responsible organization that always keep the public update on any
> > >>> developments. (PR).
>

> > >>> On Fri, Nov 20, 2009 at 3:59 PM, Inspirex <inspi...@gmail.com> wrote:
>
> > >>>> The Competition Commission of Pakistan is on its way out...cartels
> > will
> > >>>> reign supreme!
>
> > >>>> On Fri, Nov 20, 2009 at 10:27 AM, Muhammad Asif

> > >>>> <asif...@gmail.com>wrote:

>
> > >>>>> I think there will be some consolidation in the industry. It can be
> > >>>>> either Warid + Telenor or any other combination. I wounder if any two
> > >>>>> players decide to merge than how Competition Commission of Pakistan
> >  or
> > >>>>> PTA
> > >>>>> is likely to react to protect consumers.
>
> > >>>>> regards,
> > >>>>> MA
>

> > >>>>> On Fri, Nov 20, 2009 at 9:59 AM, H.M <humayun.must...@gmail.com>

> ...
>
> read more »- Hide quoted text -
>
> - Show quoted text -

[Haris Shamsi]

I heard a figure of 700-800 Million USD debts..... /HS

[Majid Farid]

@Arsalam: No we don't disagree with your assessment of the GSM
network ;)

> ...
>
> read more »