View more the latest threads:
- Punjab Govt declare summer holidays from 1st June 23rd May...
- Mobile Services Suspended in Rawalpindi 23rd May 2013
- Cellular Services Suspended in Islamabad 23rd May 2013
- Twitter beefs up security after hacking spree on media 23th...
- Electricity loadshedding 18 to 21 Hours in Pakistan 23th...
- Today bahawalnagar weather 47 centigrade 22nd May 2013
- Weather update many City In Pakistan 22nd May 2013
- PTI Chief Imran Khan discharged hospital Today 22nd May 2013
- Today Chinese premier arrives In Pakistan 22nd May 2013
- PK-71 Bannu Imam wins election 21st May 2013
Wateen Fired The Notable number of staff and the employees and shut down a number of call center and and its Customer Center in Different Cities as confirmed by Wateen Officials..
As Reported that wateen is facing a very difficult time in Wimax division ,amid tough business environment and sluggish growth that has impacted company’s margins and made it hard for the company to keep the WiMAX operations running.
Through different Resources We came to know that wateen will give a last try to their Wimax division trying to reconstruct to Plan and developing trying to do their last effort to get some profit from the business or if its now works definitely they are going to shut down and end their Business.
Having said this, Wateen has its obligation towards Government of Pakistan through USF projects, which will continue and may get withdrawn as per rules and procedures defined by Universal Service Fund.
Wateen Wimax's Was the world largest wimax deployment when his operation started in 2007 and seen with alot of prospects and brought some operator namely Wi-tribe , Qubee , Mobilink Infinity giving great opportunities for the Paksiatni Telecommunication Professionals
However, tough competition from PTCL EVO (which is allegedly using extra spectrum without paying dues) and low ARPUs, WiMAX operators are now finding it hard to keep up with their businesses.
Activity at Wateen’s offices remained high today where firing of employees is underway. Morale of workforce has been low, naturally; who are uncertain of their future.
In an email to all employees today, Mr. Naeem Zamindar, CEO Wateen, said:
“Every business comes with its share of challenges. Whilst we are sad that many of our esteemed colleagues will no longer be with us, the current restructuring will enable us to align our cost structures, to ensure business sustainability and success.
I am confident that by working together in a positive and energetic manner, we will succeed in achieving our vision of transforming the lives of every Pakistani. Wateen has come a long way since its rebirth and the company has seen much progress in the past year.
While WiMAX continues to be a challenge for all operators across the industry, Wateen’s other business lines have shown considerable improvement. The company’s LDI business has grown from being number eight to the second largest player in the industry and the enterprise connectivity and solutions business is prospering.”
There are currently 1 users browsing this thread. (0 members and 1 guests)