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Tag: warid
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
Pakistan's Ufone offers to buy out rival Warid
2013-10-02 02:00:00| Total Telecom industry news
Deal would bring about consolidation in Pakistan's mobile market.
Tags: buy
offers
rival
buy offers
PTCL, Vimpelcom eye Warid Telecom
2013-07-30 04:33:00| Telecompaper Headlines
(Telecompaper) UAE-based operator Etisalat has confirmed that its affiliate Pakistan Telecommunications Co (PTCL) is interested in bidding for mobile operator Warid Telecom. The owners, the Abu Dhabi Group, have put the Pakistani mobile operator up for sale recently. Etisalat confirmed to Reuters that PTCL expressed an interest in Warid Telecom. Telecommunications group Vimpelcom is also interested in Warid, Reuters writes citing two unnamed banking sources close to the matter.
Tags: eye
telecom
ptcl
vimpelcom
Etisalat's Pakistani unit interested in buying Warid Telecom
2013-07-29 02:00:00| Total Telecom industry news
PTCL looking to trigger consolidation in Pakistan's mobile market.
Tags: interested
unit
buying
telecom
SingTel Group Q4 profit tumbles on Warid Pakistan sale
2013-05-15 02:11:00| Telecompaper Headlines
(Telecompaper) Net profit for SingTel Group fell 33 percent to SGD 868 million in the fourth quarter ended 31 March, due to a one-time loss of SGD 225 million from the divestment of Warid Pakistan. In the same period a year ago, the group recorded an exceptional tax credit of SGD 270 million and net profit totalled SGD 1.29 billion. Excluding exceptional items, underlying net profit declined 2 percent to SGD 1 billion due to foreign currency movements and investments in network, spectrum, and digital initiatives. Revenues were down 6 percent to SGD 4.48 billion but EBITDA was stable at SGD 1.43 billion, reflecting strong cost management. The revenue decline was due to lower revenues in Australia. The regional mobile associates posted a 1 percent increase in pre-tax ordinary earnings to SGD 514 million, led by strong performances by Telkomsel and AIS. The group ended March with 468 million customers (excluding Warid), up 9 percent. This year, SingTel expects group revenues to be stable while EBITDA is forecast to grow by low single digit levels. Capex will go up to SGD 2.5 billion, to support the expansion of LTE coverage and 3G network enhancements.
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sale
profit
pakistan