This article is about the mobile network operator in Pakistan. For Warid Telecom International, see Warid Telecom.
Warid (Arabic: وريدUrdu: وارد) was a GSM, HSPA+ and LTE[3] based mobile operator in Pakistan. It was the seventh mobile carrier to enter the Pakistani market. It commenced commercial operations on May 23, 2005 by the Abu Dhabi Group, a business conglomerate in the Middle East and a major investor in Pakistan. It was the first venture of the group in the field of Telecommunication.[4]
Mobile services Data services Mobile banking Blackberry solution
Website
waridtel.com
Warid Pakistan was Pakistan's fourth largest GSM mobile service provider and fifth largest mobile service in terms of subscriber base of over 12.9 million.[5] It has a market share of 9% among cellular operators.[6]
On November 26, 2015 VimpelCom and Dhabi Group agreed to merge Mobilink and Warid Pakistan into a single company.[7] On January 6, 2017 the combined CEO of Mobilink and Warid Pakistan announced the launch of new brand Jazz.[8][9] Mobilink ceased to exist on January 10, 2017 whereas Warid Pakistan as a brand continued for a year.[10]
Pakistan Telecommunication Authority awarded two mobile telephony licenses to Telenor Pakistan and Space Telecom on April 24, 2004.[11] The license for Space Telecom was cancelled after it missed a dead line to make a 50% down payment of the offered price. Thereafter PTA offered next highest bid winner company, Warid Pakistan.[12]
The license was bid and acquired through parent company of Warid Pakistan, Abu Dhabi Group led by the then CEO Mr Bashir Tahir for US$291 million.
On May 23, 2005 Warid Pakistan commercially started operating. Mr Hamid Farooq is appointed as the CEO of the company. Initially it covered 28 major cities of the country, which is so far the largest coverage in the first phase of roll-out by the first investment of US$150 million. Within 80 days, Warid Pakistan secured 1 million customers with 7% market share.[13]
In second phase of investment of US$1 billion, Warid Pakistan launched operations in other cities of Pakistan. It secured another 3.4 million subscribers with 10% market share. The first anniversary of Warid Pakistan marked 9.7 million subscribers.
In 2007, Singapore Telecommunications bought a 30-per cent stake in Warid Pakistan for about $758 million. That stake purchase gave Warid Pakistan an enterprise value of about $2.5 billion.
Warid Pakistan's first CEO Hamid Farooq resigned in November 2007. Mr. Marwan Zawaydeh joined the company as the second CEO. Warid Pakistan further invested US$1 billion in network expansion by the end of 2009.
Warid Pakistan got a new CEO Mr. Muneer Farooqi in October 2012.
SingTel sold back that stake in January 2013 for $150 million and a right to receive 7.5 per cent of the net proceeds from any future sale, public offering, or merger of Warid Pakistan.[14][15]
Merger with MobilinkEdit
Warid Pakistan previously announced its merger with Mobilink in November 2015.[16] The case was under review at Pakistan Telecommunication Authority. After scrutiny PTA finally approved the merger in July 2016. The companies have become a single brand.[17] This merger also resulted in the sharing of network resources, Warid Pakistan customers can now connect to Jazz's 3G network[18] and Jazz customers to Warid Pakistan's 4G network,[19] This network roaming between both the operators was enabled in November 2016. In January 2017, Jazz's CEO, Aamir Ibrahim announced that Warid Pakistan's journey would come to an end, and that both companies would be launched under a new brand name, called Jazz.[20][21][22]
Warid Pakistan customers will also have to replace their SIM cards at all new Jazz Service Centers, where the SIM card will be provided to all Warid Pakistan customers free of cost.[23][24][25]
^"Mobilink and Warid Pakistan are now one happy family — but what's in it for customers?". DAWN.COM. 2016-07-23. Retrieved 2017-01-10.
^"Warid Pakistan Customers Will Have to Get their SIMs Replaced". 2017-01-10. Retrieved 2017-01-10.
^"Now Warid Pakistan customers can also enjoy Jazz Internet Packages as well. Replaced". 2017-01-10. Retrieved 2017-01-10.
^"Warid Pakistan Customers Will Have to Get their SIMs Replaced". Pakistan Defence. Retrieved 2017-01-10.
External linksEdit
Official website
September 20, 2023
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This article is about the mobile network operator in Pakistan For Warid Telecom International see Warid Telecom Warid Arabic وريد Urdu وارد was a GSM HSPA and LTE 3 based mobile operator in Pakistan It was the seventh mobile carrier to enter the Pakistani market It commenced commercial operations on May 23 2005 by the Abu Dhabi Group a business conglomerate in the Middle East and a major investor in Pakistan It was the first venture of the group in the field of Telecommunication 4 WaridLife Ka Network lit Network of life Native nameواردFormerlyzem zahiTypeTelecommunication operatorIndustryTelecommunicationFounded2004Defunct26 November 2015 1 FateMerged with JazzSuccessorJazzKey peopleMuneer Farooqui 2 CEO ProductsMobile services Data services Mobile banking Blackberry solutionWebsitewaridtel comWarid Pakistan was Pakistan s fourth largest GSM mobile service provider and fifth largest mobile service in terms of subscriber base of over 12 9 million 5 It has a market share of 9 among cellular operators 6 On November 26 2015 VimpelCom and Dhabi Group agreed to merge Mobilink and Warid Pakistan into a single company 7 On January 6 2017 the combined CEO of Mobilink and Warid Pakistan announced the launch of new brand Jazz 8 9 Mobilink ceased to exist on January 10 2017 whereas Warid Pakistan as a brand continued for a year 10 Contents 1 History 2 Merger with Mobilink 3 See also 4 References 5 External linksHistory EditPakistan Telecommunication Authority awarded two mobile telephony licenses to Telenor Pakistan and Space Telecom on April 24 2004 11 The license for Space Telecom was cancelled after it missed a dead line to make a 50 down payment of the offered price Thereafter PTA offered next highest bid winner company Warid Pakistan 12 The license was bid and acquired through parent company of Warid Pakistan Abu Dhabi Group led by the then CEO Mr Bashir Tahir for US 291 million On May 23 2005 Warid Pakistan commercially started operating Mr Hamid Farooq is appointed as the CEO of the company Initially it covered 28 major cities of the country which is so far the largest coverage in the first phase of roll out by the first investment of US 150 million Within 80 days Warid Pakistan secured 1 million customers with 7 market share 13 In second phase of investment of US 1 billion Warid Pakistan launched operations in other cities of Pakistan It secured another 3 4 million subscribers with 10 market share The first anniversary of Warid Pakistan marked 9 7 million subscribers In 2007 Singapore Telecommunications bought a 30 per cent stake in Warid Pakistan for about 758 million That stake purchase gave Warid Pakistan an enterprise value of about 2 5 billion Warid Pakistan s first CEO Hamid Farooq resigned in November 2007 Mr Marwan Zawaydeh joined the company as the second CEO Warid Pakistan further invested US 1 billion in network expansion by the end of 2009 Warid Pakistan got a new CEO Mr Muneer Farooqi in October 2012 SingTel sold back that stake in January 2013 for 150 million and a right to receive 7 5 per cent of the net proceeds from any future sale public offering or merger of Warid Pakistan 14 15 Merger with Mobilink EditWarid Pakistan previously announced its merger with Mobilink in November 2015 16 The case was under review at Pakistan Telecommunication Authority After scrutiny PTA finally approved the merger in July 2016 The companies have become a single brand 17 This merger also resulted in the sharing of network resources Warid Pakistan customers can now connect to Jazz s 3G network 18 and Jazz customers to Warid Pakistan s 4G network 19 This network roaming between both the operators was enabled in November 2016 In January 2017 Jazz s CEO Aamir Ibrahim announced that Warid Pakistan s journey would come to an end and that both companies would be launched under a new brand name called Jazz 20 21 22 Warid Pakistan customers will also have to replace their SIM cards at all new Jazz Service Centers where the SIM card will be provided to all Warid Pakistan customers free of cost 23 24 25 See also EditWarid Telecom International Jazz company List of mobile phone companies in PakistanReferences Edit Warid and Mobilink are merged into Jazz brand ProPakistani VimpelCom and Dhabi Group announce completion of Mobilink and Warid transaction July 1 2016 Retrieved August 26 2016 Warid 4G LTE Telecom Retrieved 19 November 2014 About Warid Pakistan Retrieved 19 November 2014 Telecommunications Zong overtakes Ufone as CMOs market share changes Retrieved 19 November 2014 Bilal Brohi Agencies Warid Pakistan up for sale sources Retrieved 19 November 2014 Mobilink Warid Pakistan announce merger DAWN November 26 2015 Retrieved November 27 2015 Mobilink and Warid Pakistan are Merging into One Brand Jazz 2017 01 06 Retrieved 2017 01 10 Mobilink and Warid Pakistan are now one happy family but what s in it for customers DAWN COM 2016 07 23 Retrieved 2017 01 10 It s Official Mobilink and Warid Pakistan Rebranded to Jazz pakorbit com January 10 2017 RCR Wireless News Pakistan awards two new mobile licenses RCR Wireless News Retrieved 19 November 2014 Space Telecom bid stands cancelled Cell phone licence Retrieved 19 November 2014 News Center Ericsson com Retrieved 19 November 2014 Abu Dhabi buys Warid Pakistan stake Emirates 24 7 Reuters Retrieved 19 November 2014 Abu Dhabi Group now sole owner of Warid Pakistan Retrieved 19 November 2014 Mobilink and Warid Pakistan to merge into single company Hotchpotch Post 2015 11 26 Retrieved 2016 05 25 Mobilink and Warid Pakistan Merger Gets Completed 2016 07 01 Retrieved 2016 12 06 Warid Pakistan Customers Can Now Enjoy Jazz s 3G Packages 2016 12 01 Retrieved 2016 12 06 Jazz Starts 4G Trials Warid Pakistan Customers to Enjoy 3G Trials 2016 11 17 Retrieved 2016 12 06 Mobilink and Warid Pakistan are Merging into One Brand Jazz 2017 01 06 Retrieved 2017 01 10 Warid Pakistan www waridtel com Retrieved 2017 01 10 Mobilink and Warid Pakistan are now one happy family but what s in it for customers DAWN COM 2016 07 23 Retrieved 2017 01 10 Warid Pakistan Customers Will Have to Get their SIMs Replaced 2017 01 10 Retrieved 2017 01 10 Now Warid Pakistan customers can also enjoy Jazz Internet Packages as well Replaced 2017 01 10 Retrieved 2017 01 10 Warid Pakistan Customers Will Have to Get their SIMs Replaced Pakistan Defence Retrieved 2017 01 10 External links EditOfficial website nbsp Retrieved from https en wikipedia org w index php title Warid Pakistan amp oldid 1158969687, wikipedia, wiki, book, books, library,
