Pakistan’s Warid Telecom to invest
DUBAI, Oct 13 (Reuters) Pakistan Warid Telecom will invest $470 million over five years to bolster its network, buy canada goose jacket cheap following a failed attempt by its owners to sell the mobile operator this year, the firm chief financial officer told Reuters on Monday.
Warid Telecom, wholly owned by privately held Abu Dhabi Group (ADG), canada goose factory sale has seen its mobile Canada Goose Parka subscriber base slump from 17.9 million in 2008 9 to 13.1 million in May 2014, according to data from Pakistan canada goose black friday sale telecom regulator.
That is barely half the subscribers Canada Goose Outlet of No.4. player, Etisalat unit Canada Goose Jackets Pakistan Telecommunications Co (PTCL), which has 24.6 million, and Warid decline partly coincided with owner ADG failed attempt to sell the company.
ADG scrapped a sale of Warid to PTCL in March, and is now committed to the firm, Tariq Gulzar, Warid chief financial officer, told canada goose london Reuters in a telephone interview.
total capital expenditure (for) the next five years will be about canada goose uk shop $470 million. A canada goose clearance lot of cheap canada goose uk this is going towards technical investment in terms of upgrading to the newer technology, from 2.5 to 4G, uk canada goose outlet said Gulzar.
the last 2 3 years, when we were going through the M process, Canada Goose online we were a little dormant, we were holding back on those investments which we now going through.
The cheap Canada Goose investment plan began in July 2014, the start of Warid financial year.
will be financed by the operations and partly by the shareholders we not going for any external financing, said Gulzar.
Warid Telecom and China Mobile, which operates under the Zong Canada Goose Online brand, are in canada goose coats the process of launching 4G, or long term evolution (LTE), networks.
These offer Internet speeds potentially multiple times that of 3G, which Pakistan three other operators market leaders Mobilink and uk canada goose Telenor, plus PTCL opted for, following a long delayed spectrum auction in April canada goose uk black friday that raised $1.1 billion for the government.
Warid did not Canada Goose sale need to participate in the auction because its licence buy canada goose jacket is canada goose technology neutral.
always had enough spectrum available to launch 4G/LTE service, said Gulzar.
have one of the largest post paid (contract) bases. canada goose clearance sale We have canadian goose jacket a canada goose uk outlet large youth base. These are the canada goose store two segments that are very data centric, so we don have the luxury of canada goose coats on sale losing these.
Customers on monthly, or post paid, contracts typically spend more on telecoms and are less likely to switch provider.
Warid is testing 4G in 3 4 major cities and will commercially launch in the next few weeks, said Gulzar.
He warned a lack Canada Goose Coats On Sale of 4G enabled handsets may slow the take up https://www.canadagoosejacketsalesca.co.uk of the technology, but said that as high tech phones became more widely available it would help Warid win new customers. (Reporting by Matt Smith; Editing by Clara Ferreira Marques).