Etisalat's Pakistani unit interested to acquire Warid
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Etisalat's Pakistani unit interested to acquire Warid

Etisalat's Pakistani unit interested to acquire Warid

Etisalat's subsidiary in Pakistan has expressed interest in acquiring local competitor Warid Telecom, marking a potential consolidation phase in the country's telecoms sector ahead of the award of 3G licences, Zawya Dow Jones has reported. Pakistan Telecoms Co Ltd (PTCL) is looking to buy Warid Telecom, wholly-owned by the Abu Dhabi Group, to gain access to its network infrastructure in major cities and its high value customers. "Etisalat Group holds a stake in PTCL with managerial control and PTCL has expressed an interest in Warid Telecom," said senior vice president of corporate communications at Etisalat, Ahmad Bin Ali. Etisalat holds a 26% stake in PTCL.

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