[2] Wateen Telecom is formed under the auspices of the Abu Dhabi Group; one of the leading business corporations in the Middle East and one of the biggest foreign investors in Pakistan.

Wateen is the first company in the world to commercially launch WiMAX broadband internet services throughout the country, beginning with 24 major cities in Pakistan in 2007.

[4] Due to the global recession and instability in the economic and political scenario in the country, the FDI in Pakistan slowed, adversely affecting the company.

In order to raise capital, Wateen Telecom decided to go public with an IPO, which was oversubscribed at PKR 10.

[6][7] Wateen has shut down its WiMax network and now only offers Fiber Broadband (HFC/GPON) in areas of Karachi, Lahore and Multan.