|Headquarters||301, Dhabi Tower, Hamdan Street, Post Box 44222, Abu Dhabi, United Arab Emirates|
|Sheikh Nahayan Mabarak Al Nahayan, Chairman
Bashir Tahir, founding CEO (retired)
|Products||Telephony, LTE, WiMAX, EDGE, GPRS, GSM|
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.
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.
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.
Republic of Congo
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.
|GSM 900/1800||Live/Active||January, 2008|||
- Warid, Pakistan, gains 1 million GSM subscribers in 80 days - Ericsson Customer Success Stories
- SingTel Confirms to Buy Warid Stake for $758 Million
- "Warid Telecom wins Georgian WiMAX licence". Telecompaper. 2007-11-21. Retrieved 2014-04-19.
- "Cote d’Ivoire: Warid Telecom pays for licence but can’t get enough spectrum to operate". Balancing Act. 2009-03-13. Retrieved 2014-04-19.
- "Congo-Brazzaville: Warid Telecom Launches". AllAfrica. 2008-01-18. Retrieved 2014-04-19.]
- "Bharti Airtel to Buy Warid Group's Congo Telecom Operations". The Wall Street Journal. 2013-11-05. Retrieved 2014-04-19.
- Warid Congo SA - Network Information
- Warid plans WiMAX network in Uganda - Telecompaper
- "Uganda regulator clears Airtel’s Warid Telecom acquisition". Mint. 2013-05-13. Retrieved 2014-04-19.