|
Subscription
Period:
1998
Size of Offering:
$717M
Lead
Managers:
Securities and Investment Company
Acquistion
Status
Confirmed
Acquirer
Target
Announcement Date
23 Jan 2012
|
Qatar Telecom (Qtel) provides fixed mobile and broadband services directly and through its subsidiaries. Qtel positioned itself in Iraq by acquiring 30% of AsiaCell for CommunicationsAsiaCell for Communications , in 2007, which grew its subscribers by 10.59% to 8 million, in 2010 and accounted for 10.6% of Qtel’s total subscribers. Qtel’s revenues rose to QAR27.17 billion (USD7.5 billion), in 2010, an annual increase of 15%. Its Indonesia operations earned 27% of the total revenues, Qatar18%, Kuwait 10% Iraq 18%, Algeria 11% and Tunisia 8%. That year’s annually profit increased by 2.21% to QAR2.8 billion (USD792million). Total group subscribers increased by 22.75 % to 74 million, in 2010, while mobile subscribers grew to 2million, an annual increase of 0.5%. Qtel aims to be one of top 20 telecommunications companies in the world, by 2020, through an expansion of its operations in the Middle East and abroad, beginning with a regional support office in Singapore, which it opened in May 2009.
Zawya Industry Benchmarks  |
Yr 2009 |
Yr 2010 |
Change (%) |
| No of Fixed-Line Subscribers |
285,270 |
- |
N/A |
| Penetration Rate - Fixed-Line (%) |
25% |
- |
N/A |
| Total Group Subscribers |
60,401,000 |
74,140,000 |
22.75 |
| No of Mobile Subscribers |
2,404,000 |
2,392,000 |
(0.50) |
| Average Revenue Per User - ARPU (USD) |
47 |
- |
N/A |
| Penetration Rate - Mobile |
185% |
- |
N/A |
| % of Postpaid Subscribers |
13.3% |
- |
N/A |
Major Shareholders  |
Section Updated: 31Jan12
|
|
|
|
|
|
|
Government of Qatar
|
Government |
Qatar |
55.00% |
|
Abu Dhabi Investment Authority
|
Government |
UAE |
10.00% |
|
Public
|
|
- |
35.00% |
Foreign Ownership Limits
Section Updated: 05Jan10
25%
GCC Nationals
25%
Foreigners
|
| Direct Investments and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Al Wataniya International For Intellectual Properties IP Holdings Limited |
Cayman Islands |
100.00% |
| Indonesia Communications Limited [ICLM] |
Mauritius |
100.00% |
| JRAA - JHI Group |
Philippines |
100.00% |
| QTel Al Dafna Holding [QDH] |
Bahrain |
100.00% |
| QTel Al Khor Holding [QKH] |
Bahrain |
100.00% |
| Qtel Gharafa Holdings Limited |
Cayman Islands |
100.00% |
| Qtel International |
Qatar |
100.00% |
| Qtel International Finance Limited [QIF] |
Bermuda |
100.00% |
| Qtel International Investments |
Qatar |
100.00% |
| Qtel Investment Holdings |
Bahrain |
100.00% |
| Qtel Malta Holding Company |
Malta |
100.00% |
| Qtel South East Asia Holding [QSEAH] |
Bahrain |
100.00% |
| Qtel West Bay Holding |
Bahrain |
100.00% |
| TDC - Qtel MENA Investcom |
Bahrain |
100.00% |
| Wi-Tribe Asia Limited [WiTA] |
Cayman Islands |
100.00% |
| World Trade Glory |
Virgin Islands (British) |
100.00% |
| Wi-Tribe Limited - Jordan |
Jordan |
86.10% |
| Wi-Tribe Limited - Cayman Islands [WiT] |
Cayman Islands |
86.10% |
| Wi-Tribe Limited - Pakistan |
Pakistan |
86.10% |
| Indosat Finance Company [IFB] [via PT Indosat] |
Netherlands |
65.00% |
| Indosat International Finance Company [IIFB] [via PT Indosat] |
Netherlands |
65.00% |
| Indosat Mentari Company [IMBV] |
Netherlands |
65.00% |
| Indosat Palapa Company [IPBV] |
Netherlands |
65.00% |
| Indosat Singapore [ISP] [via PT Indosat] |
Singapore |
65.00% |
| PT Indosat Mega Media [IMM] [via PT Indosat] |
Indonesia |
65.00% |
| PT Indosat [via Qtel South East Asia Holding [QSEAH]] |
Indonesia |
65.00% |
| Al Rowad General Services Limited [Al Rowad] [via Raywood Incorporation] |
Iraq |
61.20% |
| Raywood Incorporation |
Cayman Islands |
61.20% |
| Starlink |
Qatar |
60.00% |
| Omani Qatari Telecommunications Company [via TDC - Qtel MENA Investcom] |
Oman |
55.00% |
| Al Wataniya Gulf Telecommunications Holding Company |
Bahrain |
52.50% |
| National Mobile Telecommunications Company |
Kuwait |
52.50% |
| PT Starone Mitra Telekomunikasi [SMT] [via PT Indosat] |
Indonesia |
47.20% |
| PT Aplikanusa Lintasarta [Lintasarta] [via PT Indosat] |
Indonesia |
47.00% |
| Liberty Telecoms Holdings [LTHI] |
Philippines |
40.00% |
| Navlink Incorporation |
United States |
38.00% |
| PT Lintas Media and Danawa [LMD] [via PT Indosat] |
Indonesia |
32.90% |
| AsiaCell for Communication [via Al Rowad General Services Limited] |
Iraq |
30.00% |
| Asia Mobile Holdings [AMH] |
Singapore |
25.00% |
| MEEZA |
Qatar |
20.00% |
| PT Satelindo Multi Media [SMM] [via PT Indosat] |
Indonesia |
- |
|
| Investments |
|
|
|
|
| PT Multi Media Asia Indonesia [via PT Indosat] |
Indonesia |
17.55% |
| StarHub [via Asia Mobile Holdings] |
Singapore |
14.14% |
| PT Swadharma Marga Inforindo [via PT Indosat] |
Indonesia |
13.00% |
| Shenington Investments [via Asia Mobile Holdings] |
Singapore |
12.25% |
| Mfone [via Shenington Investments] |
Cambodia |
12.00% |
| Wataniya Telecom Algérie [via Qtel International Investment] |
Algeria |
9.00% |
| Thuraya Telecommunications Company |
UAE |
- |
|
| Organizations under Management |
|
|
|
|
| Mobile Entertainment Forum Middle East Office |
Qatar |
- |
|
| Supervising Authority |
|
|
Auditors
Banks
| Qatar National Bank |
Ahli Bank |
| Doha Bank |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
QAR'000 |
QAR'000 |
change (%) |
Total revenues  |
24,025,256
|
27,178,999
|
13.13 |
| Net profit |
2,825,329
|
2,887,843
|
2.21 |
| Total assets |
84,961,093
|
101,398,576
|
19.35 |
| Paid-up capital |
1,466,667
|
1,466,667
|
0.00 |
| Shareholders' Equity |
15,619,518
|
19,030,060
|
21.84 |
| Shares outstanding |
146,667
|
146,667
|
0.00 |
| Market capitalization |
21,281,338
|
26,209,339
|
23.16 |
| Note: Current shares outstanding is 176,000,000 |
| » View Full Financials |
|
+ 0.47%
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