Tag: 500m

Warid to get $500m from Sh. Nahyan

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STAFF REPORT LHR: Warid Telecom will get $500 million financing from its sole shareholder the Abu Dhabi Group, headed by Shaikh Nahayan Mabarak Al Nahayan, in a period of next five years. "We will not get any financing from outside financers. Our principal investor will be Shaikh Nahyan," Tariq Gulzar, Warid Telecom chief financial officer, told a newspaper on the sidelines of Gitex Technology Week. The Abu Dhabi Group, one of the largest foreign investors in Pakistan, set up…Read More

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Mobilink set to invest $500m by 2016

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STAFF REPORT KHI: Mobilink has planned to invest $500 million in the 3G technology in Pakistan during the next two years mainly on the infrastructure advancement of network, license fee and technical supporting projects. Jo Lunder, CEO of VimpelCom, the parent company of the Mobilink, said this in a meeting with PM Nawaz Sharif, during his recent visit to Pakistan. He said that Mobilink will bring investment from its Group having strong financial strength besides it would also explore…Read More