Description
The report describes about the wateen internship report.
WATEEN TELECOM - AN OVERVIEW
PREAPARED FOR MADAM SUMMAITA
PREPARED BY GROUP NO: 5
DEPARTMENT OF BUSINESS ADMINISTRATION BAHAUDDIN ZAKARIYA UNIVERSITY SUB CANPUS SAHIWAL
2
GROUP MEMBERS MUHAMMAD IRFAN HAFIZA TOOBA SHAUKAT MADIHA NASEER JUNAID ZAFAR AROOJ NASEER SAIFULLAH GULZAR ANAM SHAHID RABIA WAHEED (BBS-09-05) (BBS-09-21)
(BBS-09-22) (BBS-09-25) (BBS-09-29) (BBS-09-38) (BBS-09-39) (BBS-09-44)
2
ACKNOWLEDGEMENTS All praise is for Allah Almighty, the Creator of this world Who enables us to do this arduous work. No work in reality is the sole effort of its writers as many people like the foundation stone contributes silently. These people sometime deserve more praise and appreciation than the writers themselves. Same is the case with this report. It is unequivocally stated that among such contributions MADAM SUMMAITA Lecturer Department of Business Administration, BZU SUB CAMPUS SAHIWAL stands prominent. Her confidence in us, all her motivations to do something authentic gave the basic impetus for undertaking this strenuous task. Our report is a result of discussions with many other people including our class fellows, teachers and friends working in different organizations. Finally and most importantly, we are very thankful our parents, who pray for our success day night.
2
ABSTRACT This informational report is about the current situation of the Wateen telecom private limited, the large telecommunication service provider in Pakistan. They are one of the top companies of the Country with a massive share in the telecommunication sector. This information would certainly help us in knowing the current position of the company.
2
TABLE OF CONTENTS
TOPIC EXCUTIVE SUMMARY INTRODUCTION
1. WATEEN - BOARD OF DIRECTORS 2. WATEEN ’S SPONSORS 3. WATEEN HISTORY 4. WATEEN FINANCIAL POSITION 5. WATEEN INTERNET DEVICES
PAGE# 06 07 08 09 10 11 12 13 15 16 17 18 19
6. WATEEN CALLING AND INTERNET PACKAGES
7. COMPETITORS ANALYSIS 8. CAREER OPPORTUNITIES
9. SWOT ANALYSIS
10. 11.
CONCLUSION REFERENCES
2
EXCUTIVE SUMMARY
Wateen Telecom has become a valuable choice among all telecommunication sectors. Wateen Telecom is the first company in the world to
roll-out a WiMAX network at a country-wide scale. WiMAX is a standards-based technology enabling the delivery of last mile wireless broadband access as an alternative to wired broadband like cable and DSL. With globally renowned partners such as Motorola, Cisco, and Intel, the stage is set to revolutionize the way you use technology! With Wateen’s WiMAX network. It is a public limited company.
Market research shows that Wateen is competing their competitors very well by giving low price packages, especially for the students. Wateen telecom is a customer oriented organization. it was started in 2002 in Pakistan and in Sahiwal in 2006. Its main head quarter is in UAE and in Pakistan its head quarter is located in Lahore. It has launched different internet devices at optional prices depending upon their quality. Bank Alfalah holds more than 51% share of Wateen telecom. Its price per share is 10 Rs. Wateen provides valuable employee benefits and career opportunities.
2
2. INTRODUCTION
Wateen Telecom, Pakistan’s largest communication company in the private sector has become the detrimental catalyst that has rampantly moved forward the country into a digital revolution with its ability to seamlessly connect and enable smarter, faster, cost-effective and flexible communication solutions to reach its valued customers. Wateen Telecom is the Abu Dhabi Group's latest venture in Pakistan. After the successful launch of Warid Telecom in Pakistan, which has a subscriber base of over 10 million customers in 145 cities, Wateen Telecom has been set up to become the leading "Carrier's Carrier"providing services based on quality, reliability and affordability in the communication and media sector. Wateen is committed to bring Next Generation services to your doorstep. As well as Wateen Telecom is the Abu Dhabi Group's latest communication investment in Pakistan. Wateen Telecom's current goals are to be set up as the leading "Carrier's Carrier". With the collaboration of Motorola, they plan on deploying a WiMax (Wireless High Speed Connection) country-wide network across Pakistan. This network will become one of the largest of its kind in the world. Wateen also envisions the provisioning of Direct-to-Home television services for Pakistani viewers. The commercial launch of Wateen 's WiMax (Wireless High Speed Connection) services began with 22 major cities. Wateen uses MOTOwi4 WiMax (Wireless High Speed Connection) by Motorola. Other partners include Cisco, and Intel. Wateen is giving CPEi 600 & CPEi 300 to its indoor usage while CPEo400 for outdoor usage to its customers. Mission Statement:
2
? To provide affordable communication services that meets and exceeds customers' requirements ? To deliver high-quality, flexible and are innovative solutions that cost effective and conducive ? To provide complete customer satisfaction on time, every time
Type: Public Limited Industry: Telecommunication Founded: 2007 Founder(s) Abu Dhabi Group Headquarters: Lahore, Pakistan Key people: Naeem Zamindar (CEO) Products: Wimax, DVB-RCS, VSAT, Optical Fiber, HFC, GPON, VoIP Owner(s): Abu Dhabi Group Employees: More than 2000 Parent: Abu Dhabi Group Website: www.Wateen .com
3. WATEEN - BOARD OF DIRECTORS
H.H. Sheikh Nahayan Mabarak Al Nahayan – Chairman of the Board His Highness Sheikh Nahayan Mabarak Al Nahayan – Member of the Royal Family of Abu Dhabi‚ Minister for Higher Studies and Chancellor of the University of Al Ain. His Highness Sheikh Nahayan Mabarak Al Nahayan is the Chairman of the Company and takes keen interest in the management of Wateen Telecom. His Highness Sheikh Nahayan is the Federal Minister for Higher Education and Scientific Research for UAE and is also Chairman of Union National Bank‚ Abu Dhabi‚ and Chairman & Director of United Bank Limited‚ Pakistan. His Highness is also Chancellor of the Al Ain University and President at the Higher Colleges of Technology‚ Abu Dhabi. His Highness is also the Founder Chairman of Bank Alfalah Limited‚ Pakistan. H.H. Sheikh Saif Bin Mohammed Butti Al Hamid H.H Sheikh Saif Bin Mohammed Butti Al Hamid is the Vice Chairman and Managing Director of Al Hamid Group of Companies, UAE. Mr. Ahmed Darwish Dagher Al Marar Mr. Ahmed Darwish Dagher Al Marar is the Vice-Chairman and Managing Director of “Al Ain International Group”, which is the holding company owned by His Highness Sheikh Hamdan bin Zayed Al Nahyan. He is a member of the Committee supervising the expenditure of Abu Dhabi International airport, and also the director of “Presidential Flight”. Mr. Marar served at various key institutions including Bank of Bosnia, Sudan Emirates Bank, Abu Dhabi
2
Islamic Bank etc. He has done his Bachelors in Business Administration from Richmond University, London. Mr. Abdulla Khalil Mohd Samea Al Mutawa Having sound financial background and business expertise, Mr. Mutawa holds extensive experience in the field of financial and investment management. He is on the board of Bank Alfalah Limited and also serves as Advisor to the government of United Arab Emirates. He has a substantial business interest of his own both in UAEand abroad including commercial and residential real estate assets. Mr. Khalid Mana Saeed Ahmed Al Otaiba Mr. Otaiba is the General Manager, Al Otaiba Group of Companies, Abu Dhabi. He also serves on the board of Bank Alfalah Limited and Alfalah Insurance Company Limited. Mr. Otaiba is a Masters in Arts from Suffolk University of Massachusetts, Boston, USA.
Mr. Bashir A. Tahir Mr. Tahir is a prominent and revered corporate figure who has added tremendous value to the banking, communication and real estate sectors of Pakistan. He is a Member of the Board of Wateen Telecom, Board Member and CEO of Warid Telecom International, LLC and CEO of the Abu Dhabi Group which has been a key proponent in attracting private investment into Pakistan. Mr. Parvez A. Shahid With over thirty years experience in the financial and telecommunication sectors, Mr. Shahid is a distinguished name in the corporate sector in Pakistan. He is one of the key individuals who have helped instill best practices in quality assurance, strategy and innovation in the financial, communication and real estate sectors of Pakistan. Mr. Shahid is a member of the Board of Wateen Telecom as well as Warid Telecom. Mr. Mohamed Amersi Mr. Mohamed Amersi is one of Europe’s leading M&A and Corporate Finance lawyers. Structuring some of the largest private placements of this decade, Mr. Amersi acquired an expertise in Wireless, Data, Internet, and Content Media segments of the communications industry and has focused exclusively on this sector for the last few years, serving as a Board Member for some of
2
the leading telecom companies. Mr. Amersi was educated in England at Merchant Taylors School, Sheffield and Cambridge.
4. WATEEN ’S SPONSORS
The Abu Dhabi Group -UAE is key sponsor and one of the largest foreign investor groups in Pakistan; with His Highness Sheikh NahayanMabarakAl-Nahayanas the Chairman Wateen is considered as a strategic asset having long term value for the group and shareholders Consolidation and refocus drive at group level
Shareholder’s Investment Abu Dhabi Group (Rs 6.0b) 2005 Rs 2.1b 2010 Rs 3.9b General Public (Rs 2.0b IPO) 2010 Rs 2.0b
5. WATEEN HISTORY
Wateen Telecom is a Pakistani telecommunication company based in Lahore, Pakistan and is a sister concern of Warid Telecom. With the collaboration of Motorola, they plan on deploying a WiMax countrywide network across Pakistan.
The commercial launch of Wateen 's mobile WiMAX services began with 22 major cities. Wateen uses MOTOwi4 WiMAX by Motorola. Other partners include Cisco, and Intel. Wateen is giving CPEi 600 & CPEi 300 to its indoor usage while
2
CPEo400 for outdoor usage to its customers.Now offering its services on easily portable USB Dongles. Coverage Wateen is currently providing mainly outdoor and limited coverage in the following cities:
• • • • • •
Abbottabad Jhelum R.Y. Khan Bahawalpur Karachi Sahiwal
• • • • • •
D.I. Khan Lahore Sargodha Faisalabad Multan Sheikhupura
• • • • • •
Gujranwala Okara Sialkot Gujrat Pesh?war Sukkur
• • • •
Hyderabad Quetta Islamabad Rawalpindi
Wateen telecom sahiwal franchise
It was launched in sahiwal in 2006 Franchisee: Franchise Manager: Help line: Rana Humaiyon Naseer Aun Raza 040 8100200
6. FINANCIAL POSITION Entity
Total revnue Total cost Net profit
2009
16185 (million rupees) 3189 (million rupees 1149 (million rupees)
2010
8608 (million rupees) 2895 (million rupees) -1966 (million rupees)
Investment Theme
Wateen Telecom Ltd. provides end to end telecom services like -Wimax, Fiber Optic and Satellite services to retail and corporate clients. This gives Wateen a competitive edge of providing differentiated solutions having presence in all four provinces of Pakistan and abroad. Wateen is offering 110 mn shares and a Green-Shoe option of 90 mn shares amounting to PkR 2,000 mn. Our estimated DCF based fair value of the stock is PkR 17.42 thus,
2
offering an upside potential of 74.2%. Wateen offers an attractive FY11-13 earnings CAGR of 29%. It is offered at an attractive FY11 earnings multiple of 6.76x as compared to PTCL’s PE of 11.0.
7. WATEEN INTERNET DEVICES
2
8. WATEEN CALLING AND INTERNET PACKAGES
2
2
2
9. COMPETITORS ANALYSIS
2
10. CAREER OPPORTUNITIES Why Join Wateen …
Wateen Telecom is building and integrating the next generation of intelligent, converged networks with a plethora of key services and differentiators in the market. The primal objective is to become a carrier’s carrier and provide turn key solutions for all customer requirements and specifications. Wateen Telecom is seeking innovative and intelligent people to help Wateen design, market, sell and support their innovative & intelligent product portfolio to a diversified evolving market. Wateen strives to hire only the best, creates an exhilarating work environment and above all else, respects each individual's unique contributions. Beyond being part of a thriving telecom market and ensuring your presence in a diversified group of individuals dedicated and committed to meet and exceed customer expectations, Wateen provides the following benefits to its employees:
?
Environment and Culture At Wateen they have a unique environment to work for since it houses a diversity of skills, backgrounds, viewpoints and experiences from around the world. It is ensured that hiring is based on merit, skill and ability, without regard to race, color, religion, sex, national origin, ancestry, age, physical or mental disability, military or veteran status, marital status, or any other classification.
?
Competitive Pay Wateen’s pay and benefits programs reflect how much the employees and their families are valued. These programs are among the most comprehensive and competitive in Wateen industry. Wateen pay practices are designed to attract, motivate, retain and reward employees with competitive base pay complemented with short-term and long-term incentives. Wateen believes in compensating employees in a manner comparable to its competitors in the industry. Wateen also fosters a pay-forperformance culture that provides employees with opportunities to earn higher levels of compensation and receive rewards tied to company, team and individual performance.
?
Comprehensive Employee Benefits
2
Wateen makes a significant investment in employee benefits, an important part of each employee's total compensation. The benefits program is reviewed each year to ensure that the plans are cost effective and continue to provide competitive benefits meeting the needs of its employees and their families.
11. WATEEN - SWOT ANALYSIS STRENGTHS:
? It has a low cost potential to deploy and operate, especially for rural areas. ? It is based on proven OFDM techniques. ? Support high bandwidth and QoS guarantee mechanism for low latency IP application.
WEAKNESSES:
? There are a lot of security issues ? Is not up to the customer expectations ? The revenues are immature
OPPORTUNITIES:
? Underserved DSL kind network infrastructure or no broadband access at all. ? Positive attitude from government and local providers. ? In some countries, 3G licenses are still not issued.
THREATS:
? DSL technologies widely deployed in urban and suburban areas, also higher Initial cost of WiMAX deployment than DSL and Cable access mode. ? Restricted and immature regulation and policy environment.
2
? Low penetration of population and low ARPU
12. CONCLUSION
As a tele-communication service provider the company has done well job in Pakistan. It is a newly built company; therefore it is not fully able to provide its services all over the country. But they have expanded their network rapidly so it can be said that Wateen will be well established in the coming years because its executives and employees are proving this all by their efforts. In Pakistan its future is very bright because they have competed their competitors by taking advantages of the marketing atmosphere that suited them well.
2
13. REFERENCES
1. www.wikipedia.org/ 2. http://www.scribd.com/doc/22468143/Wateen-Wimax 3. http://www.wateen.com/ 4. http://bzupages.com/f184/wateen-broad-band-network-annual-report13274/
2
doc_483528088.doc
The report describes about the wateen internship report.
WATEEN TELECOM - AN OVERVIEW
PREAPARED FOR MADAM SUMMAITA
PREPARED BY GROUP NO: 5
DEPARTMENT OF BUSINESS ADMINISTRATION BAHAUDDIN ZAKARIYA UNIVERSITY SUB CANPUS SAHIWAL
2
GROUP MEMBERS MUHAMMAD IRFAN HAFIZA TOOBA SHAUKAT MADIHA NASEER JUNAID ZAFAR AROOJ NASEER SAIFULLAH GULZAR ANAM SHAHID RABIA WAHEED (BBS-09-05) (BBS-09-21)
(BBS-09-22) (BBS-09-25) (BBS-09-29) (BBS-09-38) (BBS-09-39) (BBS-09-44)
2
ACKNOWLEDGEMENTS All praise is for Allah Almighty, the Creator of this world Who enables us to do this arduous work. No work in reality is the sole effort of its writers as many people like the foundation stone contributes silently. These people sometime deserve more praise and appreciation than the writers themselves. Same is the case with this report. It is unequivocally stated that among such contributions MADAM SUMMAITA Lecturer Department of Business Administration, BZU SUB CAMPUS SAHIWAL stands prominent. Her confidence in us, all her motivations to do something authentic gave the basic impetus for undertaking this strenuous task. Our report is a result of discussions with many other people including our class fellows, teachers and friends working in different organizations. Finally and most importantly, we are very thankful our parents, who pray for our success day night.
2
ABSTRACT This informational report is about the current situation of the Wateen telecom private limited, the large telecommunication service provider in Pakistan. They are one of the top companies of the Country with a massive share in the telecommunication sector. This information would certainly help us in knowing the current position of the company.
2
TABLE OF CONTENTS
TOPIC EXCUTIVE SUMMARY INTRODUCTION
1. WATEEN - BOARD OF DIRECTORS 2. WATEEN ’S SPONSORS 3. WATEEN HISTORY 4. WATEEN FINANCIAL POSITION 5. WATEEN INTERNET DEVICES
PAGE# 06 07 08 09 10 11 12 13 15 16 17 18 19
6. WATEEN CALLING AND INTERNET PACKAGES
7. COMPETITORS ANALYSIS 8. CAREER OPPORTUNITIES
9. SWOT ANALYSIS
10. 11.
CONCLUSION REFERENCES
2
EXCUTIVE SUMMARY
Wateen Telecom has become a valuable choice among all telecommunication sectors. Wateen Telecom is the first company in the world to
roll-out a WiMAX network at a country-wide scale. WiMAX is a standards-based technology enabling the delivery of last mile wireless broadband access as an alternative to wired broadband like cable and DSL. With globally renowned partners such as Motorola, Cisco, and Intel, the stage is set to revolutionize the way you use technology! With Wateen’s WiMAX network. It is a public limited company.
Market research shows that Wateen is competing their competitors very well by giving low price packages, especially for the students. Wateen telecom is a customer oriented organization. it was started in 2002 in Pakistan and in Sahiwal in 2006. Its main head quarter is in UAE and in Pakistan its head quarter is located in Lahore. It has launched different internet devices at optional prices depending upon their quality. Bank Alfalah holds more than 51% share of Wateen telecom. Its price per share is 10 Rs. Wateen provides valuable employee benefits and career opportunities.
2
2. INTRODUCTION
Wateen Telecom, Pakistan’s largest communication company in the private sector has become the detrimental catalyst that has rampantly moved forward the country into a digital revolution with its ability to seamlessly connect and enable smarter, faster, cost-effective and flexible communication solutions to reach its valued customers. Wateen Telecom is the Abu Dhabi Group's latest venture in Pakistan. After the successful launch of Warid Telecom in Pakistan, which has a subscriber base of over 10 million customers in 145 cities, Wateen Telecom has been set up to become the leading "Carrier's Carrier"providing services based on quality, reliability and affordability in the communication and media sector. Wateen is committed to bring Next Generation services to your doorstep. As well as Wateen Telecom is the Abu Dhabi Group's latest communication investment in Pakistan. Wateen Telecom's current goals are to be set up as the leading "Carrier's Carrier". With the collaboration of Motorola, they plan on deploying a WiMax (Wireless High Speed Connection) country-wide network across Pakistan. This network will become one of the largest of its kind in the world. Wateen also envisions the provisioning of Direct-to-Home television services for Pakistani viewers. The commercial launch of Wateen 's WiMax (Wireless High Speed Connection) services began with 22 major cities. Wateen uses MOTOwi4 WiMax (Wireless High Speed Connection) by Motorola. Other partners include Cisco, and Intel. Wateen is giving CPEi 600 & CPEi 300 to its indoor usage while CPEo400 for outdoor usage to its customers. Mission Statement:
2
? To provide affordable communication services that meets and exceeds customers' requirements ? To deliver high-quality, flexible and are innovative solutions that cost effective and conducive ? To provide complete customer satisfaction on time, every time
Type: Public Limited Industry: Telecommunication Founded: 2007 Founder(s) Abu Dhabi Group Headquarters: Lahore, Pakistan Key people: Naeem Zamindar (CEO) Products: Wimax, DVB-RCS, VSAT, Optical Fiber, HFC, GPON, VoIP Owner(s): Abu Dhabi Group Employees: More than 2000 Parent: Abu Dhabi Group Website: www.Wateen .com
3. WATEEN - BOARD OF DIRECTORS
H.H. Sheikh Nahayan Mabarak Al Nahayan – Chairman of the Board His Highness Sheikh Nahayan Mabarak Al Nahayan – Member of the Royal Family of Abu Dhabi‚ Minister for Higher Studies and Chancellor of the University of Al Ain. His Highness Sheikh Nahayan Mabarak Al Nahayan is the Chairman of the Company and takes keen interest in the management of Wateen Telecom. His Highness Sheikh Nahayan is the Federal Minister for Higher Education and Scientific Research for UAE and is also Chairman of Union National Bank‚ Abu Dhabi‚ and Chairman & Director of United Bank Limited‚ Pakistan. His Highness is also Chancellor of the Al Ain University and President at the Higher Colleges of Technology‚ Abu Dhabi. His Highness is also the Founder Chairman of Bank Alfalah Limited‚ Pakistan. H.H. Sheikh Saif Bin Mohammed Butti Al Hamid H.H Sheikh Saif Bin Mohammed Butti Al Hamid is the Vice Chairman and Managing Director of Al Hamid Group of Companies, UAE. Mr. Ahmed Darwish Dagher Al Marar Mr. Ahmed Darwish Dagher Al Marar is the Vice-Chairman and Managing Director of “Al Ain International Group”, which is the holding company owned by His Highness Sheikh Hamdan bin Zayed Al Nahyan. He is a member of the Committee supervising the expenditure of Abu Dhabi International airport, and also the director of “Presidential Flight”. Mr. Marar served at various key institutions including Bank of Bosnia, Sudan Emirates Bank, Abu Dhabi
2
Islamic Bank etc. He has done his Bachelors in Business Administration from Richmond University, London. Mr. Abdulla Khalil Mohd Samea Al Mutawa Having sound financial background and business expertise, Mr. Mutawa holds extensive experience in the field of financial and investment management. He is on the board of Bank Alfalah Limited and also serves as Advisor to the government of United Arab Emirates. He has a substantial business interest of his own both in UAEand abroad including commercial and residential real estate assets. Mr. Khalid Mana Saeed Ahmed Al Otaiba Mr. Otaiba is the General Manager, Al Otaiba Group of Companies, Abu Dhabi. He also serves on the board of Bank Alfalah Limited and Alfalah Insurance Company Limited. Mr. Otaiba is a Masters in Arts from Suffolk University of Massachusetts, Boston, USA.
Mr. Bashir A. Tahir Mr. Tahir is a prominent and revered corporate figure who has added tremendous value to the banking, communication and real estate sectors of Pakistan. He is a Member of the Board of Wateen Telecom, Board Member and CEO of Warid Telecom International, LLC and CEO of the Abu Dhabi Group which has been a key proponent in attracting private investment into Pakistan. Mr. Parvez A. Shahid With over thirty years experience in the financial and telecommunication sectors, Mr. Shahid is a distinguished name in the corporate sector in Pakistan. He is one of the key individuals who have helped instill best practices in quality assurance, strategy and innovation in the financial, communication and real estate sectors of Pakistan. Mr. Shahid is a member of the Board of Wateen Telecom as well as Warid Telecom. Mr. Mohamed Amersi Mr. Mohamed Amersi is one of Europe’s leading M&A and Corporate Finance lawyers. Structuring some of the largest private placements of this decade, Mr. Amersi acquired an expertise in Wireless, Data, Internet, and Content Media segments of the communications industry and has focused exclusively on this sector for the last few years, serving as a Board Member for some of
2
the leading telecom companies. Mr. Amersi was educated in England at Merchant Taylors School, Sheffield and Cambridge.
4. WATEEN ’S SPONSORS
The Abu Dhabi Group -UAE is key sponsor and one of the largest foreign investor groups in Pakistan; with His Highness Sheikh NahayanMabarakAl-Nahayanas the Chairman Wateen is considered as a strategic asset having long term value for the group and shareholders Consolidation and refocus drive at group level
Shareholder’s Investment Abu Dhabi Group (Rs 6.0b) 2005 Rs 2.1b 2010 Rs 3.9b General Public (Rs 2.0b IPO) 2010 Rs 2.0b
5. WATEEN HISTORY
Wateen Telecom is a Pakistani telecommunication company based in Lahore, Pakistan and is a sister concern of Warid Telecom. With the collaboration of Motorola, they plan on deploying a WiMax countrywide network across Pakistan.
The commercial launch of Wateen 's mobile WiMAX services began with 22 major cities. Wateen uses MOTOwi4 WiMAX by Motorola. Other partners include Cisco, and Intel. Wateen is giving CPEi 600 & CPEi 300 to its indoor usage while
2
CPEo400 for outdoor usage to its customers.Now offering its services on easily portable USB Dongles. Coverage Wateen is currently providing mainly outdoor and limited coverage in the following cities:
• • • • • •
Abbottabad Jhelum R.Y. Khan Bahawalpur Karachi Sahiwal
• • • • • •
D.I. Khan Lahore Sargodha Faisalabad Multan Sheikhupura
• • • • • •
Gujranwala Okara Sialkot Gujrat Pesh?war Sukkur
• • • •
Hyderabad Quetta Islamabad Rawalpindi
Wateen telecom sahiwal franchise
It was launched in sahiwal in 2006 Franchisee: Franchise Manager: Help line: Rana Humaiyon Naseer Aun Raza 040 8100200
6. FINANCIAL POSITION Entity
Total revnue Total cost Net profit
2009
16185 (million rupees) 3189 (million rupees 1149 (million rupees)
2010
8608 (million rupees) 2895 (million rupees) -1966 (million rupees)
Investment Theme
Wateen Telecom Ltd. provides end to end telecom services like -Wimax, Fiber Optic and Satellite services to retail and corporate clients. This gives Wateen a competitive edge of providing differentiated solutions having presence in all four provinces of Pakistan and abroad. Wateen is offering 110 mn shares and a Green-Shoe option of 90 mn shares amounting to PkR 2,000 mn. Our estimated DCF based fair value of the stock is PkR 17.42 thus,
2
offering an upside potential of 74.2%. Wateen offers an attractive FY11-13 earnings CAGR of 29%. It is offered at an attractive FY11 earnings multiple of 6.76x as compared to PTCL’s PE of 11.0.
7. WATEEN INTERNET DEVICES
2
8. WATEEN CALLING AND INTERNET PACKAGES
2
2
2
9. COMPETITORS ANALYSIS
2
10. CAREER OPPORTUNITIES Why Join Wateen …
Wateen Telecom is building and integrating the next generation of intelligent, converged networks with a plethora of key services and differentiators in the market. The primal objective is to become a carrier’s carrier and provide turn key solutions for all customer requirements and specifications. Wateen Telecom is seeking innovative and intelligent people to help Wateen design, market, sell and support their innovative & intelligent product portfolio to a diversified evolving market. Wateen strives to hire only the best, creates an exhilarating work environment and above all else, respects each individual's unique contributions. Beyond being part of a thriving telecom market and ensuring your presence in a diversified group of individuals dedicated and committed to meet and exceed customer expectations, Wateen provides the following benefits to its employees:
?
Environment and Culture At Wateen they have a unique environment to work for since it houses a diversity of skills, backgrounds, viewpoints and experiences from around the world. It is ensured that hiring is based on merit, skill and ability, without regard to race, color, religion, sex, national origin, ancestry, age, physical or mental disability, military or veteran status, marital status, or any other classification.
?
Competitive Pay Wateen’s pay and benefits programs reflect how much the employees and their families are valued. These programs are among the most comprehensive and competitive in Wateen industry. Wateen pay practices are designed to attract, motivate, retain and reward employees with competitive base pay complemented with short-term and long-term incentives. Wateen believes in compensating employees in a manner comparable to its competitors in the industry. Wateen also fosters a pay-forperformance culture that provides employees with opportunities to earn higher levels of compensation and receive rewards tied to company, team and individual performance.
?
Comprehensive Employee Benefits
2
Wateen makes a significant investment in employee benefits, an important part of each employee's total compensation. The benefits program is reviewed each year to ensure that the plans are cost effective and continue to provide competitive benefits meeting the needs of its employees and their families.
11. WATEEN - SWOT ANALYSIS STRENGTHS:
? It has a low cost potential to deploy and operate, especially for rural areas. ? It is based on proven OFDM techniques. ? Support high bandwidth and QoS guarantee mechanism for low latency IP application.
WEAKNESSES:
? There are a lot of security issues ? Is not up to the customer expectations ? The revenues are immature
OPPORTUNITIES:
? Underserved DSL kind network infrastructure or no broadband access at all. ? Positive attitude from government and local providers. ? In some countries, 3G licenses are still not issued.
THREATS:
? DSL technologies widely deployed in urban and suburban areas, also higher Initial cost of WiMAX deployment than DSL and Cable access mode. ? Restricted and immature regulation and policy environment.
2
? Low penetration of population and low ARPU
12. CONCLUSION
As a tele-communication service provider the company has done well job in Pakistan. It is a newly built company; therefore it is not fully able to provide its services all over the country. But they have expanded their network rapidly so it can be said that Wateen will be well established in the coming years because its executives and employees are proving this all by their efforts. In Pakistan its future is very bright because they have competed their competitors by taking advantages of the marketing atmosphere that suited them well.
2
13. REFERENCES
1. www.wikipedia.org/ 2. http://www.scribd.com/doc/22468143/Wateen-Wimax 3. http://www.wateen.com/ 4. http://bzupages.com/f184/wateen-broad-band-network-annual-report13274/
2
doc_483528088.doc