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Articles tagged with: Warid Telecom
Bharti Airtel Buys Smaller Ugandan Mobile Network
India's Bharti Airtel has announced a deal that will see its Ugandan subsidiary merging with the local Warid Telecom mobile network. more
SingTel Sells 30% Stake in Pakistan's Warid Telecom
Singapore Telecommunications (SingTel) has sold its 30% stake in Pakistan's Warid Telecom for US$150 million. The buyer is the Abu Dhabi Group, which already owns the other 70% of the company. more
Bharti Airtel Awards Network Contracts to Huawei and Ericsson
India based Bharti Airtel has announced an agreement with Ericsson and Huawei to deploy a network for its Bangladesh subsidiary. The agreement is modeled on Bharti's managed networks business model in India and Sri Lanka. more
Related Tags: bharti-airtel, ericsson, huawei, bsc, airtel, telecom, Bangladesh
Warid Telecom Ordered to Become a Publicly Listed Company
Bangladesh based Warid Telecom has been issued a notice from the Securities and Exchange Commission (SEC) ordering it to convert into a listed company. Under Bangladesh law, any private company with a minimum paid-up capital of Tk 400 million is required to convert into a public limited companies (PLC). more
Related Tags: taxes, airtel, telecom, Bangladesh
Bangladeshi Operators Sign Network Infrastructure Sharing Deal
Bangladesh's Warid Telecom and Citycell have agreed to share elements of their network infrastructure. In addition to base transceiver stations (BTS), the two companies will share towers, poles, transmitter equipment, transmission bandwidth and power. more
Related Tags: citycell, robi, Bangladesh
Bharti's Ratings Not Likely To Be Affected by Warid Telecom Acquisition
Fitch Ratings has commented that Bharti Airtel's acquisition of a 70% stake in Bangladesh's Warid Telecom will not have an impact on the former's ratings. Fitch has a Long-term Issuer Default Rating of 'BBB-' with a Stable Outlook on Bharti, and notes that the incremental capex and Warid's existing debt will not materially impact Bharti's credit profile. However, the agency is currently monitoring the negative impact on Bharti's revenues stemming from irrational pricing activity by the operators in India during October-December 2009, and the pending cost of 3G pan-India license fees and its impact on Bharti's credit profile; details of India's 3G auction is expected to be announced sometime in 4QFY10. more
Related Tags: bharti-airtel, dhabi-group, bangladesh-telecommunication-regulatory-commission, coverage, auction, Bangladesh
Bharti Airtel Buys 70% Stake in Bangladesh's Warid Telecom
India's Bharti Airtel has confirmed long-expected plans to buy a 70% stake in Bangladesh's Warid Telecom, currently a wholly owned subsidiary of the Dhabi Group. Under the agreement, Bharti Airtel will make a fresh investment of US$300 million to expand the operations of Warid Telecom and will have management and board control of the company. more
Related Tags: bharti-airtel, dhabi-group, coverage, airtel, Bangladesh
Bharti Airtel Gains Regulatory Approval for Bangladesh Buy
India's Bharti Airtel has received regulatory approval to buy a controlling 70% stake in Bangladesh's Warid Telecom after pledging to invest US$300 million on upgrading the network. However, neither company has confirmed that a purchase will take place. more
Related Tags: bharti-airtel, btrc, dhabi-group, airtel, abu-dhabi, Bangladesh
Telenor Rumoured to be Close to Buying Warid Telecom
It is being reported that Norway's Telenor is close to purchasing a controlling stake in Pakistan's Warid Telecom for around US$1.3 billion. If completed, the Dhabi Group will retain 7 percent of the company, while other 30 percent will stay with Singtel. more
Related Tags: telenor, singapore-telecom, dhabi-group, Pakistan
Warid Telecom Launches Youth Brand
Pakistan's Warid Telecom has launched a marketing push based about a new youth brand. Glow, the new youth brand of Warid, through its unique features, recognizes the variety of tastes and preferences of the youth - ranging from calling their communities to their choices in how and when they want to communicate. more
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