December 22, Karachi: Wateen Telecom held a business analyst briefing in Karachi on 22nd December 2010. The briefing was attended by major brokers of Karachi Stock Exchange, representative of mutual funds, investment companies and financial institutions.
Mr. Naeem Zamindar, CEO Wateen Telecom, expressed his gratitude to all the investors and stakeholders for their interests and active participation. He briefed them about Wateen's financial performance for the first quarter (ended September 30th, 2010), gave a thorough analysis of the opportunity and challenges that it faces, its broad product portfolio, strong market positioning and financial viability and future outlook with brief insights of Wateen's business plans for the next 12 to 18 months.
Speaking on the occasion, Mr. Zamindar said "Our strategy is twofold. First is to monetize Wateen's positioning and strategic asset base, the largest fiber optic network with over 11,000 Kms of fiber laid across Pakistan, the largest WiMax network, a cable TV, telephony and internet network, the largest supplier of satellite capacity, a long distance international calling business and a multi-national corporate solution and system integration business. Secondly, we will rationalize our cost structure so that we can grow profitably. With clear market leadership in converged technology and product offering, Wateen will define the future landscape of ICT in Pakistan." Wateen Telecom is Pakistan's largest alternative communications provider in the country giving services to the financial, telecom, media, IT & education sectors.
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