Etisalat unit keen on buying Pakistan telco | GulfNews.com:
"Abu Dhabi’s Emirates Telecommunications Corp. or Etisalat on Monday said its subsidiary in Pakistan had expressed interest in acquiring local competitor Warid Telecom, marking a potential consolidation phase in the country’s telecom sector ahead of the award of 3G licences.
“Etisalat Group holds a stake in PTCL with managerial control and PTCL has expressed an interest in Warid Telecom,” Ahmad Bin Ali, senior vice president of corporate communications at etisalat, said in an e-mailed statement. “Etisalat Group cannot offer further comment and will not comment on speculation regarding Warid Telecom.”
Pakistan Telecommunications Co. Ltd, or PTCL, is looking to buy Warid Telecom to gain access to its network infrastructure in major cities and its high value customers, according to a person familiar with the matter, who declined to be identified. Etisalat holds a 26 per cent stake in PTCL."
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