Warid’s stake not to be sold by Abu Dhabi Group

www.WirelessFederation.com/news: Reports regarding the sale of stake in the Pakistani telecommunications operator Warid telecom, owned by the Abu Dhabi Group, have been denied by the company.

According to Bashir Tahir, the chief executive of the Abu Dhabi Group, Warid Telecom Pakistan is not being sold off but rather is on course with its expansion plans.

Earlier it was reported that the Abu Dhabi Group is in talks with several groups to divest a considerable shareholding along with management control in Warid Telecom. The deal would have created the largest mobile phone operator in the country.