Warid Telecom

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Warid Telecom International
وريد تليكوم الدولية
Type Private
Industry Telecommunication
Founded 2004
Headquarters 301, Dhabi Tower, Hamdan Street, Post Box 44222, Abu Dhabi, United Arab Emirates
Key people Sheikh Nahayan Mabarak Al Nahayan, Chairman
Bashir Tahir, founding CEO (retired)
Products Telephony, WiMAX, EDGE, GPRS, GSM
Owner(s) Abu Dhabi Group[1]
Website Official Pakistan
Official Congo
Official Uganda

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.

Pakistan[edit]

Main article: Warid 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.[2]

Warid Pakistan launched its services in May 2005. Within 80 days of launch Warid Pakistan claims to have attracted more than 1 million. users.[3]

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.[4]

Bangladesh[edit]

Main article: Warid 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.[5]

On December 20, 2010, Warid Telecom was rebranded as Airtel.

Georgia[edit]

Licence awarded.

Network Technology[edit]

Network Status Date Note
WiMAX Live/Active unknown [6]

Ivory Coast[edit]

Licence awarded.[7]

Republic of Congo[edit]

Main article: Warid Congo

Launched service in January 2008.[8] On 5 November 2013, The Wall Street Journal reported an acquisition by Airtel.[9]

Network technology[edit]

Network Status Date Note
GSM900 Live/Active November, 2007 [10]

Uganda[edit]

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.[11] Acquired by Airtel in 2013.[12]

Network Technology[edit]

Network Status Date Note
GSM 900/1800 Live/Active January, 2008 [10]
WiMAX Live/Active unknown

References[edit]

External links[edit]