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As we all know Singapore Telecom had been working to get a slice of Warid Telecom. The deal has gone through and it is valued at US$758 million, which gives them a 30 percent stake in Pakistan’s third largest mobile phone operator, Warid Telecom (see its market share). This is a great win-win deal in my opinion. As I wrote before Warid wanted to keep control but partner with a leading company and it has succeeded. Simple back-of-the-envelope calcualtions show that SingTel paid a very decent price, unlike the Etisalat case a few years ago in which they paid over $1200 per subscriber. My hope is that Singapore Telecom will bring in some of their discipline, attention to detail and care for customers to Warid in Pakistan. We really need that, more than anything else. 
Here’s the official stuff:
In a statement, SingTel said the investment was part of a strategy to support Warid Telecom’s continued growth and to enhance its market position.
Warid Telecom is part of the Abu Dhabi Group.
According to earlier media reports, the Abu Dhabi Group will still hold the remaining 70 percent stake in Warid Telecom.
Pakistan’s telecom sector has attracted US$9 billion in foreign investment in the last three years.
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June 30th, 2007 at 2:40 am
So this deal values Warid Telecom at $2.56 Billion? As much as PTCL? How is that fair?
Does this also include shares in Wateen?
June 30th, 2007 at 4:56 pm
May be PTCL was undervalued.. who knows what happens when our Gov. decides to privatise
June 30th, 2007 at 4:56 pm
May be PTCL was undervalued.. who knows what happens when our Gov. decides to privatize
June 30th, 2007 at 5:35 pm
Etisalat of UAE had paid $2.6B for the 26% shares of PTCL. That values PTCL at around $10B, I think.
June 30th, 2007 at 11:14 pm
HX: You’re so right! That’s what happens when I’m trying to quit coffee, which I really shouldn’t (it’ll be a sacrifice I’ll have to make for all of you)
Yea, its for Green & White… otherwise hey I would quit like that, ynow.
June 30th, 2007 at 11:56 pm
June 28th, 2008 at 3:09 pm
Respected sir,
I m a student of BS(TN)-7 in Comsats Institute of INformation Technology Wah cantt.
My last sem gpa is 2.7 and current cgpa is 2.6.I want internship in ur organization to enhance my knowledge and skill.
plz reply me.Thank you sir.
Ahmad Hussain
03345181917
October 22nd, 2009 at 3:34 am
[...] also owns 30% of Warid Telecom now. It makes pretty reasonable sense for SingTel to push iPhone distribution in Pakistan and even [...]