LAHORE – Abu Dhabi Group has announced that it has acquired SingTel’s shares in Warid Telecom.
With 100pc ownership in Warid Telecom, Abu Dhabi Group has further reinforced its commitment to the company. This strategic decision will allow the Group to have a more focused approach as Warid enters its 8th year of operations in Pakistan.
“The Abu Dhabi Group has a diverse investment portfolio in Pakistan and is one of the leading foreign investors in the country. With this step of acquiring complete control of Warid Telecom, the Group is reaffirming its commitment to Warid and the belief that the Pakistani telecom sector is set to grow further. The Group plans to continue to improve Warid Telecom’s operation in Pakistan by introducing new technologies, services and packages.” The representative of the Group further added that we will also continue with our active participation in the important educational, cultural and social initiatives in the communities we serve. We are proud of our relationship with the people of Pakistan and are committed to being a model of responsible corporate behaviour.” Abu Dhabi Group is a large business conglomerate in the Middle East and one of the largest foreign investors in Pakistan.