Rumor: China Mobile to Acquire Warid Telecom

zong_warid_logoThrough highly reliable sources, we are communicated that China Mobile is in serious talks with two telecom operators of Pakistan for acquiring them, especially Warid Telecom.

In a recent development China Mobile has reportedly pitched Warid Telecom for acquiring its operations with management control. Inside sources from Warid, requesting anonymity have confirmed us that Warid posted a face value of US 2.5 Billion dollars for its operations and management in Pakistan and now China Mobile is closely considering its options for expanding their existence in Pakistan.

When contacted Warids spokesperson for official viewpoint of Warid, she denied any such thing happening. She further said that this can be wishful thinking of Zong but it is no way close to reality.

Zongs spokesman was not available for the comment

When consulted a telecom analyst, he expressed bright chances of China Mobile acquiring Warid especially when Zong is China Mobiles first venture outside China. He was sure that China Mobile is well placed to invest further to make its offshore business successful. He concluded the conversation by sayinfWe have seen Dhabi Groups strategy of selling partial or complete shares of its business venture, which adds chances of this rumor turning true.

On other hands, we have been witnessing silence from Warid Telecom for quite some time now, despite the fact that its competitors are fighting hard to snatch their subscribers share.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK


  • I’ve heard zong trying to acquire Mobilink.

  • imran

    intresting

  • Riz

    I don’t think it will be in benefit of Pakistani Mobile users. More companies, more competition and ends in benefit of cellular users.

  • Abdul Qudoos

    both are dong

  • Alam

    I don’t think so. It won’t happen like that.

  • I think its Mobilink

    • Abdul Qudoos

      agreed with billu

  • sarwar

    bad news for users

  • satch

    cant be a bad news for users as when companies are bought the users are never affected….
    the business operations run in the same way only management on the top level gets changed with the acquirer.

    One thing is for sure if this happens users will get more benifitted as they will get further cheap plans that will come from CM to compete the other operators..

    Cheers

  • Rumourz

    My sources said that talks going on in UK between Zong and Mobilink as Zong gonna acquire Mobilink soon.

  • asad

    pls send me free gprs trick of telenor me set is motorola w220.my email is [email protected]

  • mani

    i like mobilink but…………………….

  • Talha

    China Mobile is talking with Telenor Pakistan now,,, what’s this? I think China Mobile gone mad…….

  • haroon

    Well,

    In China, everything is China Mobile, and especially
    you get the cheapest rates you can never think of!

    I use to call in Pakistan and Canada and local for one card
    for like hours and my card never ended, it’s CALLED
    IP CARDS

    IP CARDS FEATURE IS IN CHINA MOBILES AND PTCL VFONES AND
    CHINESE VFONES, THAT WHAT IP CALLING CARDS ARE USED FOR:)

    I HOPE THIS WILL DO REALLY REALLY REALLY GOOD FOR OUR COUNTRY
    CHINA WILL EXPAND IT’S INFRASTRUCTURE TO ALL VILLAGES AND
    EVERYWHERE IN PAKISTAN ALSO WE WILL HAVE IP CALLING CARDS
    FOR CHEAPEST RATES, THAT WOULD BE REALLY REALLY GREAT!

  • Tahir

    my friend told me chaina perchased 10% of warid and telenor is it right or wrong……………..