Warid & Telenor Deny Having any Deal Reagrding Share Sold

By Ahsan Javed · Monday, Nov 16, 2009 1 Comment

We had seen the news over internet on 13th November that Telenor is going to buy 63% shares in Warid and the news breaker were ProPakistani, A famous telecom blog. But resources told that Spokesman of both the company have denied this deal and marked this as a rumor spread over just to cause bad name to the reputation of the companies. Warid is not merging into Telenor at all.

ProPakistani is known to be the authentic and latest source for Telecom and IT sector news in Pakistan, and they just broke this news that Telenor is going to buy 63% shares in Pakistan, via this post:

Breaking: Telenor to Buy 63 Percent Stakes in Warid

But resources have told that spokesman of both the comapnies have completely denied this rumor and news has been telecast on Geo TV that this rumor is just to damage companies’ reputation and there is no truth in it.

Update:

News has also been confirmed via Warid’s own website, stated as

Warid gives stance on media rumor

Lahore: Warid Telecom (Pvt.) Ltd. is a leading telecom company in Pakistan that is recognized as the most reliable and steadfast telecom operator. Warid Telecom has issued an official statement in response to the rumor on ‘Warid Telecom Merger’. The statement endorses the un-authenticity of the news circulated in the media and it explains clearly that no such information is issued by the company Management. Warid Telecom is a responsible organization that always keep the public update on any developments. (PR).

Link Here