In 2004, Warid Telecom International LLC, purchased a license for operating a nationwide mobile telephony network, (
WLL) and long-distance international (LDI) for US$291 million and was the first venture of Warid Telecom International LLC. The license was bid for and acquired by a team led by
Bashir Tahir the former CEO of the
Abu Dhabi Group, which is the parent company of all Warid operations. Warid Pakistan launched its services in May 2005. Within 80 days of launch, Warid Pakistan claims to have attracted more than 1 million users. On June 30, 2007, Singapore Telecommunications Limited (
SingTel) and Warid Telecom announced that they had entered into a definitive agreement subsequent to which SingTel would acquire a 30 percent equity stake in Warid Telecom for an estimated $758 million, valuing the company at an
enterprise value of $2.9 billion. SingTel sold back that stake in January 2013 for $150 million and a right to receive 7.5 percent of the net proceeds from any future sale, public offering, or merger of Warid. On November 26, 2015,
VimpelCom and Abu Dhabi Group agreed to merge
Mobilink and
Warid into a single company called
Jazz.
Network technology ==Bangladesh==