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It is being reported that Telenor is mulling acquisition of Pakistan’s Warid Telecom for around $1.3 billion. If this proves true and Norway-based company succeeds, it will leave the Dhabi Group with 7% of Warid, while other 30% will stay with Singtel.
According to Pro Pakistani, the talks went through in a smooth way, with Telenor agreeing to paying the value that was pretty acceptable for Dhabi Group.
Pakistan telecom market includes 5 big players: Moblink with just over 28 million customers, Telenor and Ufone with just under 20 million customers, Warid Telecom with around 17 million, and China Mobile-owned Zong with with just under 6 million customers.
And for the record, China Mobile had previously tried to buy out Warid Telecom but reportedly failed to reach an agreement on the price…
[Via: CellularNews]
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Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
