Type Private Founded 2004 | Industry Telecommunication Parent organization Abu Dhabi Group | |
Key people Sheikh Nahayan Mabarak Al Nahayan, Chairman
Bashir Tahir, founding CEO (retired) Products Telephony, LTE, WiMAX, EDGE, GPRS, GSM, UMTS Website Official Pakistan
Official Congo
Official Uganda Headquarters Abu Dhabi, United Arab Emirates CEO Muneer Farooqui (Mar 2010–) | ||
Mobile internet warid telecom bangladesh youtube
Warid Telecom International (Arabic: وريد تليكوم الدولية) is an Abu Dhabi-based mobile telecommunication investment firm whose portfolio companies provide telephony services in the Republic of the Congo, Pakistan, and Uganda.
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Airtel to buy warid telecom for 300 mn
Pakistan
In 2004, Warid Telecom International LLC, purchased a license for operating a nationwide mobile telephony network, (WLL) and long distance international (LDI) for $291 million US dollars and was the first venture of Warid Telecom International LLC. The licence was bid for and acquired by a team led by Bashir Tahir the former CEO of the Abu Dhabi Group, which is the parent company of all Warid operations.
Warid Pakistan launched its services in May 2005. Within 80 days of launch Warid Pakistan claims to have attracted more than 1 million. users.
On June 30, 2007, Singapore Telecommunications Limited (SingTel) and Warid Telecom announced that they have entered into a definitive agreement subsequent to which SingTel will acquire a 30 percent equity stake in Warid Telecom for an estimated $758 million, valuing the company at an enterprise value of $2.9 billion.
SingTel sold back that stake in January 2013 for $150 million and a right to receive 7.5 per cent of the net proceeds from any future sale, public offering, or merger of Warid.
On November 26, 2015 VimpelCom and Dhabi Group 4g agreed to merge Mobilink and Warid into a single company.
Bangladesh
In December 2005, Warid Telecom International LLC obtained a 15-year GSM license to operate as the sixth mobile phone operator in Bangladesh for US$50 million. Warid Bangladesh started rolling out its network from mid-2006, and launched commercial operations on May 10, 2007, covering 26 districts. It uses the code 16 preceded by the code number of Bangladesh +880. Warid Bangladesh has acquired a million subscribers within 70 days of launch.
Warid Telecom sold 70% of its stake in Bangladesh operations to India's Bharti Airtel for US$300 million receiving regulatory approval from the Bangladesh Telecommunication Regulatory Commission (BTRC) on January 4, 2010.
On December 20, 2010, Warid Telecom was rebranded as Airtel.
Georgia
Licence awarded.
Ivory Coast
Licence awarded.
Republic of Congo
Launched service in January 2008. On 5 November 2013, The Wall Street Journal reported an acquisition by Airtel.
Uganda
Planned to launch services in Uganda by the fourth quarter of 2007. Warid is also set to deploy a WiMAX network throughout Uganda through its sister concern Wateen Telecom. Acquired by Airtel in 2013.