Wateen is a relatively small mysterious operator in PK that has thrown a lot of hype and promise in the market to build up its brand and attract top HR. When was the last time a company promised to make a national fibre network, telecom hotels, WiMax, FTTH, Quad-play and more?!
Despite that, the company is still non-existent in the consumer market and I was just beginning to wonder about how their massive monthly burn is being met. Well here is an interesting piece of unconfirmed news that answers the question.
Wateen is rumored to be making 4 times the revenue that their own people had forecasted, and have already met their targets from the current strategy. This hads made them to step back and broaden their business strategy to cover a greater number of areas for the year.
Where is all this revenue coming from? Mostly from backbone network access. From what I wrote back in September about Telecom hotels by Wateen, I had mentioned that Wateen could be the alternative trunk carrier for telecos that do not want the hassle of PTCL.
From what I hear, Diallog, ARY Calling Card and a large number of WLL operators are using the Wateen fibre backbone to channel voice.
I just hope that revenue streak doesn’t make Wateen want to stop its agressive rollout plan with the complacency that they are already doing well enough with business as it is. That is one of the major reasons PTCL has been unable to deliver telecommunication freedom despite having a fantastic platform to do that on.