SingTel eyes 30% stake in Warid June 26, 2007
Posted by Mustafa in Cellular, GSM, Global, Network, Paksitan, Service Providers, World, Worldwide, consumer, mobile, telecom.2 comments
Source: Telegeography
According to the Financial Times, SingTel is close to securing a 30% stake in Pakistani cellco Warid Telecom, in a deal that would value the country’s third-largest mobile operator at USD1 billion. Citing unidentified people familiar with the situation, the FT said SingTel had emerged as a strong favourite to buy the stake, ahead of MTN and Vodafone. ‘A deal between SingTel and Warid could be signed as early as next month,’ the newspaper quoted one of its sources as saying.
Warid is owned by the private Abu Dhabi Group, which is one of the largest foreign investor groups in Pakistan and owns Bank Alfalah and Wateen Telecom. Warid owns wireless and broadband operations in Bangladesh and Uganda.
Orascom Telecom buys 11% of Mobilink for USD290 million June 26, 2007
Posted by Mustafa in Cellular, GSM, Global, Paksitan, World, Worldwide, mobile, telecom.1 comment so far
Source: Telegeography
Orascom Telecom Holdings has confirmed it has purchased an 11.3% indirect stake in its Pakistani GSM operation, Pakistan Telecommunications Company (Mobilink), for USD290 million from Saif Telecom. The company said it now owns 100% of the cellco, through direct stakes held by its wholly owned subsidiaries. Orascom said it will fund the acquisition with proceeds from the USD750 million senior notes issuance that closed in February.
At the end of April 2007 Mobilink claimed 25.21 million subscribers from a total 58.39 million wireless users across the country, according to figures compiled by the Pakistan Telecommunication Authority (PTA).
Enroll In Pakistan Telecom Grid June 8, 2007
Posted by Mustafa in Blogroll, Broadband, Broadband Pakistan, Network, Paksitan, Service Providers, Trainings, Webcast, World, Worldwide, telecom.1 comment so far
If you enjoy reading local technology blogs like this one (or this, or this, or this, or this, or this) and enjoy contributing information and commentary on the same, we are building up a mailing group and we are calling it Pakistan Telecom Grid. The group membership is open to all and other blog authors (like Babar, Tariq and Sajjad and anyone else who care to join) will be upgraded as managers so that we’ve a collective stewardship of the collection.
About the group: An informal grid of Telecommunication and Network Services professionals and insiders of Pakistan. Inspired from the fact that the collective authors and respective audience of the relatively few technology blogs that relate to Pakistan can be team up as a virtual pool of guys with an interested in communications technologies. This assembly can be used to enhance social interaction between the members, get-together events, private discussions, rumor sharing and rumor milling 
etc.
Join in now.
