Warid needs partner to continue expansion

11 May 2009

Bangladesh’s fourth largest mobile network operator, Warid Telecom, needs an investment partner to implement the next phase of its expansion, its CEO Muneer Farooqui told local paper the Daily Star. Since launching as Bangladesh’s sixth cellular operator in May 2007, Warid has invested USD600 million and signed up around 2.5 million subscribers, but now, according to Farooqui, ‘a huge investment is required to take operations to [the] next level.’ ‘Nothing on the matter of a partnership has been finalised as yet,’ he added, though several companies, including SingTel, Vodafone and Etisalat, have reportedly approached Warid about the possibility. Farooqui also pointed out that Warid is currently operating solely with 1800MHz band GSM frequencies, unlike its competitors which own both 1800MHz and 900MHz spectrum, meaning that the UAE-backed cellco’s network requires more base stations to cover the territory and therefore higher capital investment. The Warid CEO said he hopes to triple the company’s subscriptions in the next three years, by focusing on untapped markets and new innovative products which are yet to be offered by its rivals. Warid Telecom (Bangladesh) is wholly owned by Warid Telecom International, part of the Abu Dhabi Group.

Bangladesh , Airtel Bangladesh

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