Warid Telecom again on the sales counter. the news buyer will the Etisalat. Sources in investment banking sector told our reporter that UAE
based Etisalat which is parent company of PTCL and Ufone has hired an investment bank for due diligence of
Waird Telecom.
US based Investment bank Goldman Sachs will be
adviser on the potential acquisition of Warid telecom.
Warid telecom is sister concern of Wateen Telecom
both have head offices Lahore, Pakistan. Waird and Wateen both owned by
UAE based Abu Dhabi Group.
When approached Warid for their version they
denied to give any comments in this regard. A higher official inform our reporter on the basis of anonymity that buy and selling is the matter of inverters it is nothing to do with company operations and day to day affairs.
Warid telecom is facing financial and administrative
issues since very long. In past owner also try to sold it but failed due to
buyers non entrust. Sources told that in past buyers offer through away price
to Warid Telecom. 
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