SECP has approved the Initial Public Offering (IPO) of Wateen Telecom Limited and fixed April 13, 14 and 15 as dates for subscription of shares. The IPO is the largest one through which the company will get Rs 2 billion from the country’s stock market thus expanding its paid up capital which has been approved by its sponsor directors. Wateen Telecom Limited after getting itself [...]

In these tumultuous (turbulent) times our nation needs to take inspiration from the Icons whose heroic efforts have been immortalized in the pages of history. These Icons, both living and dead, have been an inspiration for us over decades but a reminder of their struggles and victories will help to once again revive the pride of this nation and regain the confidence of achieving what [...]

Official page of any corporation/company is mirror to the online world. But sometimes people don’t care about this fact and just let it go down with the passage of time. Right now, we have Wateen as our case study. Just in case you don’t know their official webpage address, it is www.wateen.com but in case if you don’t know it, let’s try googleing it. Google [...]

Wateen employees after tough time last year, when they had to wait for weeks for their salaries, are relieved with up to 6 bonuses and 25 percent increment in salaries, across the board. This is quite a news for industry in current situation. We know that Wateen has grabbed good funding through IPO and recovery from telecom operators from home and abroad. During the recession, [...]

First time in history of WiMAX industry, Wateen’s RAN team has on-aired four sites without involving its vendor, Motorola. Reportedly, due to delay in delivery from vendor’s side, one of Wateen’s RAN team took the initiative and deployed 4 sites, which are as of now on-air and live in southern region. Lead by Tehseen Ahmed, Syed Yasir Uddin is responsible for all the integration of [...]

Wateen Telecom Limited has planned to offer 110 million ordinary shares to the general public at a price of Rs 10 per share with a greenshoe option of 90 million shares, reported business recorder today. In this regard, Wateen has applied for listing at Karachi Stock Exchange (KSE). Arif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial [...]

Wateen has been operating in Pakistan for couple of years now, with being the first WiMAX operator of the country. Despite the fact that Wateen was able to fetch pretty number of customers, spread wide its infrastructure, coverage, back haul, but unfortunately, somehow it could not leave the impression in the minds of customers. If you just Google around, or ask for general feedback from [...]

Wi-Tribe which was officially launched in Pakistan on 1st of July 2009, has brought 27,000 customers to its network. It’s marvelous feat on their part as they did this in space of 6 months’ time. Reportedly, it was also the sales target of 2009 that was given to the team. Wi-tribe also reportedly added maximum customers per day after the recent advertisement went on-air. On [...]

Building on its global WiMAX leadership position, Motorola Inc.’s Home & Networks Mobility business announced today that Wateen Telecom has accelerated its rollout of WiMAX services and is on its way to doubling its existing customer premises equipment (CPE) volume from 100,000 to 200,000 by year end. Motorola remains Wateen’s exclusive WiMAX CPE and infrastructure supplier, delivering reliable, easy-to-install, high performance devices to the Pakistani [...]

We reported earlier that Wateen was having trouble with cash in hand; however, the situation has changed during last month. We are now told by sources with-in the company that Wateen has recovered hefty amount from Warid and couple of other international vendors that includes Saudi Telecom. So the crisis is apparently over and company is back on track. By the way, this pending recovery [...]

Universal Service Fund awarded telecom contracts worth Rs. 1.25 Billion for providing Broadband Internet in the un-served urban areas of Hazara Telecom Region (HTR) with PTCL and Wateen Telecom and Optic Fiber connectivity to un-served tehsils of Central Balochistan with Wateen Telecom. SEVP-Corporate Development-PTCL, Sikandar Naqi and General Manager-Wateen Telecom, Mazhar Qayum Butt signed these contracts with CEO-Universal Service Fund, Parvez Iftikhar. Secretary IT, Mr. [...]

Wateen is in bad shape, we know that. But coming up from behind and leading by example under tough conditions is still something applause-able. Wateen has given its customers one more facility by giving them the option to get wateen card for re-charge at the door steps of their homes. And this facility is offered FREE OF CHARGE. You just need to call 111-365-111 for [...]

Wateen has been hit by financial crisis, lately, as told by sources with-in and close to company. WiMAX provider has reached its lower limit in terms of cash in hand, and undergoing large scale financial issues. Reportedly, work force is also suffering due to this, as some employees are still waiting for their salaries this month, at the time of filing of this report. As [...]

It has been reported that Wateen has appointed new General Manager for HR as per company sources. Zaffar Iqbal Chaudary has joined as GM HR, however, official announcement has not been made yet. We could not arrange official version from Wateen regarding this. However, it has been confirmed through multiple sources that Zaffar Iqbal has taken the charge. Mr. Zaffar has served as head of [...]

Wateen has decided to go for Initial Public Offering (IPO) within next eight to ten weeks, revealed Tariq Malik, Chief Executive Officer (CEO) Wateen Telecom, while addressing the employees of the organization. The meeting was shown live on the next generation network already installed by Wateen’s team across the country. “Wateen is here to stay and we are going for expansion or further strengthen our [...]