Warid Telecom, today at GITEX Technology Week 2014, went public to announce its 4G LTE plans while announcing Ericsson as its sole 4G LTE network roll-out partner. Muneer Farooqui, CEO Warid Telecom, himself went ahead to announce that Ericsson will roll-out Warid’s 4G LTE network throughout Pakistan. Warid will start its 4G services with few major cities but services will soon reach more areas with time, the CEO said.

Warid CEO Goes Public with its 4G LTE Plans

This is the first time that Warid has publicly announced anything regarding its 4G LTE plans. Warid said that it has already invested US 100 million dollars for rollout of its 4G LTE network till date. Warid is fully relying on Dhabi Group — its parent group — lead by Shaikh Nahayan Mabarak Al Nahayan that has allocated a total sum of US 500 million dollars to fund Warid’s next-gen network rollout. Decision shows that Dhabi Group is still confident about its investment in Pakistan as instead of external funding the group decided to inject US 500 million dollars into company from its pockets.