PTA awarded two mobile telephony licenses to Telenor Pakistan and Space Telecom on April 24, 2004,
The license for Space Telecom was cancelled after it missed a dead line to make a 50% down payment of the offered price,
Thereafter PTA offered next highest bid winner company, Warid,
The license was bid and acquired through parent company of Warid, Abu Dhabi Group led by the then CEO Mr Bashir Tahir for US$291 million,
On May 23, 2005 Warid commercially started operating. Mr Hamid Farooq is appointed as the CEO of the company. Initially it covered 28 major cities of the country,
which is so far the largest coverage in the first phase of roll-out by the first investment of US$150 million. Within 80 days,
Warid secured 1 million customers with 7% market share,
In second phase of investment of US$1 billion, Warid launched operations in other cities of Pakistan. It secured another 3.4 million subscribers with 10% market share.
The first anniversary of Warid marked 9.7 million subscribers.