Reference to the blog ‘Tariq Malik, CEO Wateen resigns’ posted on your Blog, we would like to inform you that all such rumours are mere speculations and there is absolutely no truth in these statements.
Our CEO’s and Senior Management Team’s (SMT) leadership and commitment to Wateen has been appreciated at by the Board of Directors. At the recently held Extra-Ordinary General Meeting (EOGM), our shareholders and Board of Directors have expressed high level of confidence in Wateen’s business and management.
As we come close to the end of our first quarter, we are well positioned to meet our business plans for revenue and profitability. Our potential for revenue and profit in the coming quarters remains on track. The drive to financial recovery that commenced with the IPO earlier this year continues to deliver positive results.
Our network performance during the recent floods has been exemplary, and appreciated by customers and the industry. Except for one minor damage near Sindh-Baluchistan border, our optical fiber nationwide network remained fully operational and sustained SLA commitments to customers. Equally excellent has been service delivery by the Wireless Operations team which has managed to keep Wimax and VSAT customers fully operational despite heavy rainfall and flooding. These achievements are a result of our employees’ professionalism and commitment to customer satisfaction.