WATEEN TELECOM LIMITED INITIAL PUBLIC OFFERING (IPO)ABOUT WATEEN TELECOM:Wateen Telecom is a converged communication services provider that fulfills the connectivity requirements for organizations and individuals in Pakistan. Wateen Telecom delivers complete solutions for Internet, Voice, Multimedia and Enterprise Solutions that make it the most comprehensive provider for all of Pakistans communication necessities.Wateen began its operations in Pakistan under the Companies Ordi-nance 1984 in 2007 with the deployment of the largest fiber optic network in the country. Moreover, Wateen is the worlds first company to commercially roll out a WiMAX network on a nationwide scale. Wateen currently services over 250,000 WiMAX subscribers, provides enterprise solutions and data services to over 200 leading organizations and its cable network reaches over 125,000 households in Lahore and Multan. Some of the businesss salient features are presented below: Wateen is the largest alternative LDI operator in Pakistan Largest commercial and first nationwide 3.5 GHz WiMAX network rollout in the worldcovering 22 cities and more than 1,100 sites (900 live). Largest operator of Satellite services in the country (c. 500+ MHz in use). Wateen has one of the largest Optic Fiber network spanning over more than 10,000 km (including Government of Pakistan USF projects) across all the four provinces of Pakistan including metro connectivity in 22 cities. This network provides the backbone for Wateens National Transmission Services. Wateen with its Managed Capacity services (OFC & VSAT) serves almost all the major GSM and telecommunication companies in Pakistan as well 86% of the Banking sector. Sales performance has also been quite encouraging and consistent with over 20,000 monthly additions to the broadband internet and telephony subscriber base. Sales growth rate has been far steeper compared to the industry average, evident from the fact that Wateen enjoys over 60 percent share of the wireless broadband market. Wateen recently closed the largest syndicate financing transaction for the year 2009 raising PKR 4.7 billion from leading banks in the industry even in these challenging times showing the confidence of the market in Wateens business model and operations.VISION:An Abu Dhabi Group venture, Wateens vision is to lead Pakistan into the digital revolution of the 21st Century and to make Pakistan a regional communications hub, connecting the East with the West and Central Asia with the Middle East.MISSION:

To provide complete customer satisfaction on time and every time.To deliver high-quality, flexible and innovative solutions that are cost effective and conducive.To provide affordable communication services that meets and exceeds customers' requirements.CORPORATE VALUES OF WATEEN TELECOM:

Simplicity: Practical and easy to use

Satisfaction: Customer satisfaction is foremost

Quality: Premier services, no compromises

Innovation: Always at par with the latest technology

Honesty: Integrity ethics and open communication

UNDERWRITTERS:National Bank of PakistanAtlas Bank LimitedArif Habib LimitedHabib Bank LimitedMCB Bank LimitedBank of KhyberAskari Bank LimitedAllied Bank LimitedKASB Bank LimitedPak Oman Investment Co. LimitedArif Habib Bank LimitedFaysal Bank LimitedPearl Securities LimitedWincom (Pvt.) LimitedBANKERS TO THE ISSUE:Arif Habib Bank LimitedBank AL Habib LimitedBank Alfalah LimitedDawood Islamic Bank LimitedDeutsche Bank LimitedFaysal Bank LimitedHabib Bank LimitedHabib Metropolitan Bank LimitedJ.S. Bank LimitedMCB Bank LimitedThe Bank of PunjabUnited Bank LimitedINITIAL PUBLIC OFFERWateen has issued110,000,000 shares to institutional investors and general public at a price of PKR 10 per share which is equal to PKR 1,100 million with a Greenshoe option of 90,000,000 ordinary shares. The paid up capital of the Company will increase from PKR 4.174 billion to PKR 5.275 billion. The subscription date for the IPO was 20 and 21 April 2010. Arif Habib Limited has been appointed as the Joint Advisor and Arranger of the proposed IPO of Wateen Telecom.The principal purpose of the proposed Initial Public Offering is to (i) repay PKR 1.469 billion to financial institutions as against the Companys financial obligations.(ii)To acquire 49 percent shares of Wateen Solutions (Pvt.) Limited amounting to PKR 490 million to make it a wholly owned subsidiary of Wateen Telecom Limited (iii) To broaden the investor base through an increase in the number of shareholders (iii)To provide the public investor an opportunity to participate in the future of the Company with sound prospects.

References:http://www.wateen.com/http://www.dawn.com/news/961360/secp-approves-subscription-date-for-wateen-ipohttp://www.kse.com.pk/http://pakistan247.blogspot.comhttp://bluechipmag.com/wateen-telecom-ipo/