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Official: Warid Denies Takeover Rumors

There had been rumors about Warid Telecom sales to Dhabi Group on different websites and blogs. But Mr. Bashir Tahir, Chief Executive Officer, Warid Telecom Int. denies such take over. The press release further adds that Warid Telecom plans to expand its network in Pakistan.

I suggest ‘some bloggers’ to research before they announce something as ‘Official’. It can reduce their credibility and reliability they have gained over years. Below is the original press release document.

warid1


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Karachi, February 06, 2010: Recently there have been misplaced news items in certain section of the press that Warid Telecom Pakistan may be up for sale because of the shrinking interest of the sponsors relating to the market conditions in Pakistan.

Warid Telecom Pakistan categorically and unequivocally denies such reports and impressions. Warid Telecom Pakistan is not being sold off rather is on course with its expansion plans with the continuing focused view to extend quality services to its loyal customers to whom it is deeply grateful.

Warid Telecom Pakistan also extends sincere thanks to its business partners for their support and professional contribution.

BASHIR TAHIR
CHIEF EXECUTIVE OFFICER

WARID TELECOM INT.

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2 Responses to "Official: Warid Denies Takeover Rumors"

  1. Visit the following link to get to know the real story: http://www.waridtel.com/about/media/archive/warid-not-selling-its-stakes.php

    Warid Not Selling its Stakes

    Recently there have been misplaced news items in certain section of the press that Warid Telecom Pakistan may be up for sale because of the shrinking interest of the sponsors relating to the market conditions in Pakistan. Warid Telecom Pakistan categorically and unequivocally denies such reports and impressions. Warid Telecom Pakistan is not being sold off rather is on course with its expansion plans with the continuing focused view to extend quality services to its loyal customers to whom it is deeply grateful. Warid Telecom Pakistan also extends sincere thanks to its business partners for their support and professional contribution.

    Bashir A. Tahir
    Chief Executive Officer
    Warid Telecom International

  2. @Shahzad Ahmad – I guess, you forgot to read the article. That’s exactly what the article is about :).

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