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[digg=http://digg.com/tech_deals/Singtel_buys_huge_stake_in_Warid]

After months of media reports it was announced: Singapore Telecom deal with Warid has gone through and it is valued at US$758 million, which gives them a 30 percent stake in Pakistan’s third largest mobile phone operator, Warid Telecom. This is a great win-win deal in my opinion. As I wrote before Warid wanted to keep control but partner with a leading company and it has succeeded. Simple back-of-the-envelope calcualtions show that SingTel paid a very decent price, unlike the Etisalat case a few years ago in which they paid over $1200 per subscriber. My hope is that Singapore Telecom will bring in some of their discipline, attention to detail and care for customers to Warid in Pakistan. We really need that, more than anything else.