According to news confirmed by the Abu Dhabi Group itself, Asia’s largest telecom operator – SingTel – has decided to sell its 30% stake in Warid Telecom after a “Strategic Review” of the company. Abu Dhabi Group is the buyer that has re-acquired 100% holding of Warid Telecom after purchase of the 30% stake for USD 150 million.
In 2007, SingTel had bought a stake in Warid for USD 758 million describing its decision to invest in Warid as a “natural fit” following its investments in India and Bangladesh as well.
As evident above, SingTel has sold off its stake at a significant loss.
Karachi – 12th February, 2013 – PRESS RELEASE: Nokia Pakistan introduced the highly anticipated Lumia range powered by Windows Phone 8 in the country today. The device portfolio which was unveiled here consists of flagship device Nokia Lumia 920, Nokia Lumia 820 and Nokia Lumia 620.With the latest range of Lumia Windows 8 devices, Nokia Pakistan is all set to lead the change for the Windows Phone ecosystem with its Lumia differentiators.
Speaking on the launch, Alessandro Lamanna, vice-president marketing – IMEA (India, Middle East, Africa) at Nokia said:
“We are focused on redefining the future of smart devices and continue to invest towards delivering truly compelling experiences to consumers across price points. With the launch of Lumia Windows Phone 8 range, we aim to usher an era of unique innovations in the smart phone market. The announcement today is yet another giant leap in the remarkable progress we have made against our strategy announced in February 2011.”
On July 17 last year, Wateen laid off more than 20% of its work-force, sending shivers down the spine of every employee. There were questions asked about the stability of the organization and how long it would last. Wateen also responded to our story, which may be read here.
Well, it appears as if CEO Naeem Zamindar had planned things well. We have received an email the CEO has sent us to all Wateen Telecom employee’s which mentions of a proposal submitted to Board of Governors to announce a bonus plan for all employees.
Following is the text of the email, as shared with us by Wateen’s PR agency:
We have worked very hard to stabilize Wateen over the last year. We’ve seen many of our friends move on after the restructuring. The structural change in business – the Line of Business model – has brought in a great many efficiencies in the business. Culturally, we’ve gone from being a closed and dictatorial culture to a much more open, relaxed and dynamic company where people now speak up, ask questions and expect answers. The fire that destroyed our head office was a huge setback but we have bounced back and continued to make progress. We’ve achieved significant progress by reducing our costs and improving our margins. Our LDI business has moved up to number 2 in the country and overall the company is on its way to becoming more stable.
In a press release received by Telecomistan.com, Warid Telecom has introduced a first of its kind offer that allows users to use 2 numbers on 1 SIM card instead of carrying a dual SIM handset.
Leading the innovation with many firsts in the telecom industry of Pakistan, Warid Telecom brings yet another exciting Double Number Offer which allows Warid users to get two numbers on one SIM without carrying two handsets or dual SIM handsets. All Warid prepaid customers can avail this exciting offer.
Looks like the race for capturing and attracting Blackberry customers is on! After Ufone introduced low cost BlackBerry Internet service packages back in March (earlier this year), Warid has sprung a surprise for its customers as well.
The packages are priced the same as ufone, that is, starting from Rs. 350 per month.
The BB 9220 is being shipped with the new BlackBerry OS 7.1 and features a powerful 512 MHz processor with built in 2G, GPS, Wi-Fi, Bluetooth and, BBM. The new curve is only 12.7mm thick, and weighs102g. The left-hand side has the micro USB charging/syncing port, while the right has both a volume rocker and convenience key. The back side sports 2MP camera on left side. The battery cover is made of a high gloss plastic, which is extremely sleek and stylish.
On July 17, Telecomistan.com published a story regarding large scale lay off’s at Wateen Telecom. In response to this publication, we have received a formal response to our story from one of Wateen telecom’s media agencies.
We are also well aware of Wateen’s problems, both internal and of the WiMAX market in general. While the lay-offs are most unfortunate, we will continue our practice of presenting both sides of the story and are publishing Wateen’s response from our viewers below. You are encouraged to respond to them in the comments section.