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Warid, Etisalat end acquisition talks - report

2014-03-06 02:11:00| Telecompaper Headlines

(Telecompaper) Talks between Etisalat and Pakistani mobile operator Warid Telecom on a possible merger or acquisition, have been called off. The decision was made by Warid shareholders as the two companies could not agree on a price, ProPakistani reports citing unnamed sources. Warid shareholders believe the company has strong fundamentals and have decided to focus on enhancing the company's value and to continue providing services. The sources claim Warid will invest more in services as well as coverage. Warid Telecom is owned by the Abu Dhabi Group.

Tags: end report acquisition talks

Category:Telecommunications

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