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Warid Pakistan

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This article is about the mobile network operator in Pakistan. For Warid Telecom International, see Warid Telecom.
Warid
Native name
وارد
Formerlyzem, zahi
Company typeTelecommunication operator
IndustryTelecommunication
Founded2004
Defunct26 November 2015[1]
FateMerged with Jazz Pakistan
SuccessorJazz
Key people
Muneer Farooqui[2]
(CEO)
ProductsMobile services
Data services
Mobile banking
Blackberry solution
Websitewaridtel.com

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]

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]

History

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The 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]

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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]

See also

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References

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  1. ^ "Warid and Mobilink are merged into Jazz brand". ProPakistani.
  2. ^ "Warid 4G LTE Telecom". Retrieved 19 November 2014.
  3. ^ "About Warid Pakistan". Retrieved 19 November 2014.
  4. ^ "Telecommunications: Zong overtakes Ufone as CMOs' market share changes". Retrieved 19 November 2014.
  5. ^ Bilal Brohi – Agencies. "Warid Pakistan up for sale: sources". Retrieved 19 November 2014.
  6. ^ "Mobilink, Warid Pakistan announce merger". DAWN. November 26, 2015. Retrieved November 27, 2015.
  7. ^ "Mobilink and Warid Pakistan are Merging into One Brand: Jazz". 2017-01-06. Retrieved 2017-01-10.
  8. ^ "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.
  9. ^ "It's Official, Mobilink and Warid Pakistan Rebranded to Jazz". pakorbit.com. January 10, 2017.
  10. ^ RCR Wireless News. "Pakistan awards two new mobile licenses". RCR Wireless News. Retrieved 19 November 2014.
  11. ^ "Space Telecom bid stands cancelled: Cell phone licence". Retrieved 19 November 2014.
  12. ^ "News Center". Ericsson.com. Retrieved 19 November 2014.
  13. ^ "Abu Dhabi buys Warid Pakistan stake". Emirates 24/7. Reuters. Retrieved 19 November 2014.
  14. ^ "Abu Dhabi Group now sole owner of Warid Pakistan". Retrieved 19 November 2014.
  15. ^ "Mobilink and Warid Pakistan to merge into single company". Hotchpotch Post. 2015-11-26. Retrieved 2016-05-25.
  16. ^ "Mobilink and Warid Pakistan Merger Gets Completed". 2016-07-01. Retrieved 2016-12-06.
  17. ^ "Warid Pakistan Customers Can Now Enjoy Jazz's 3G Packages". 2016-12-01. Retrieved 2016-12-06.
  18. ^ "Jazz Starts 4G Trials, Warid Pakistan Customers to Enjoy 3G Trials". 2016-11-17. Retrieved 2016-12-06.
  19. ^ "Mobilink and Warid Pakistan are Merging into One Brand: Jazz". 2017-01-06. Retrieved 2017-01-10.
  20. ^ "Warid Pakistan ::". www.waridtel.com. Retrieved 2017-01-10.
  21. ^ "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.
  22. ^ "Warid Pakistan Customers Will Have to Get their SIMs Replaced". 2017-01-10. Retrieved 2017-01-10.
  23. ^ "Now Warid Pakistan customers can also enjoy Jazz Internet Packages as well. Replaced". 2017-01-10. Retrieved 2017-01-10.
  24. ^ "Warid Pakistan Customers Will Have to Get their SIMs Replaced". Pakistan Defence. Retrieved 2017-01-10.
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