Etisalat (PTCL) hires Goldman Sachs Group Inc to buy Warid


Warid is once again mentioning the Etisalat as the leader and most interested bidders for purchasing it, Reuters leaked another story on Warid’s possible sellout. Goldman Sachs Group Inc has been hired by Etisalat for advice on its planned bidding for the Warid telecom.


Reuters earlier reported that Etisalat has already hired Standard Chartered and Lazard for possible buy out of Warid .

Abu Dhabi Group telecom which owns Warid is eyeing on $ 1 billion for Warid. Many telecom analysts think that Etisalat or Dhabi Group is intentionally leaking news in the local and international media according to a well though off plan.

In addition to Etisalat to buy Warid, China Mobile and Mobilink are other main contenders for the bid.