Telenor Bought Warid Telecom
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Sheikh Usman N.
Nov 14, 2009, 9:05:34 AM11/14/09
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Dear All,
I just saw news on Business Plus saying Warid Telecom has sold 63% shares to Telenor for $1.3billion on 13th Nov in a ceremony in Abu Dhabi. Any updates?
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Sheikh Usman N.
I just saw news on Business Plus saying Warid Telecom has sold 63% shares to Telenor for $1.3billion on 13th Nov in a ceremony in Abu Dhabi. Any updates?
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Sheikh Usman N.
Rafaeel Akbar Chaudhry
Nov 14, 2009, 9:22:52 PM11/14/09
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Good Day to all. As per my information, 63% shares have been bought by Telenor as SingTel didn't agree to the price demanded by Dhabi Group. Thus now, 63% shares are with Telenor, 30% with SingTel and 7% with the group.
Also there are rumors that Telenor High ups have selected the CEO of the new management. This has not been announced publicly as yet since the PTA has not been informed so far. Moreover, Telenor wants WARID to clear all the pending liabilities before the formal handover. Kindly also keep into consideration that WARID/WATEEN are mostly using the same towers and sites for transmitter while paying the space owner for single transmission.
Regards,
Muhammad Rafaeel A Chaudhry
email: rafaee...@gmail.com
Also there are rumors that Telenor High ups have selected the CEO of the new management. This has not been announced publicly as yet since the PTA has not been informed so far. Moreover, Telenor wants WARID to clear all the pending liabilities before the formal handover. Kindly also keep into consideration that WARID/WATEEN are mostly using the same towers and sites for transmitter while paying the space owner for single transmission.
Regards,
Muhammad Rafaeel A Chaudhry
email: rafaee...@gmail.com
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