China Mobile’s Pakistan subsidiary, Zong has ruled itself out of bidding for local rival mobile network, Warid Telecom.
Warid Telecom has been put up for sale by its UAE based owner, the Abu Dhabi Group, who are reportedly seeking bids in the region of US$1 billion for the company.
It had been reported that the sale had attracted attention from both Zong and Etisalat’s local subsidiary, PTCL.
However, Zong is not interested in bidding, according to sources speaking to the local Daily Times newspaper. Internal sources from Zong told the newspaper that “there are no facts” behind the reports that it was interested in bidding.
Zong’s current priority is the forthcoming 3G license auction, the report added.