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Sun, 08 Nov 2009 | 05:56 GMT

Qatar Telecom   (QTEL.DSM)
Also known as: Qtel
Last Trade
158.30 QAR
+ 0.96%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: May 31, 2009
 
Joint Stock
 
 
Operates and manages fixed and mobile telecommunications networks; internet and cable television services.
Qatar Public Telecommunications Corporation
1987 (June)
1,900 (As of Mar 08, 2007)
Hala
Mozaic
Wi-tribe
 
 
Singapore
 
 
Qatar (18)
 
 
 
 
QTEL 
Ordinary 
QAR 
QTEL 
Ordinary 
AED 
Bombay Stock Exchange
 
 Key Officers
HH Sheikh Abdullah Bin Mohammed Bin Saud Al Thani
Chairman and President Commissioner, PT Indosat
Dr Nasser Bin Mohammed Marafih 
Chief Executive Officer
 
 Contact Details
Address:
Qtel Towers
Cornish Street
West Bay Area
P.O. Box 217
Doha
Qatar
 
+974 440-0400
 
+974 447-6231
+974 447-5273
 
customer.service@qtel.com.qa
 
www.qtel.com.qa
 
www.burraqtel.com.pk
www.intelsat.com/as
www.ico.com
www.indosat.com
www.navlink.com
www.camshin.com
www.laotel.com
www.wi-tribe.com
www.starhub.com

 
  Latest Headline
Etisalat Intl Subscriber Base Hits 94M As Expansion Continues - Zawya Dow Jones News
 
  Privatization Details
Subscription
Period:
1998
Size of Offering:
$717M
Lead
Managers:
Securities and Investment Company
 

  Business Overview
Qatar Telecom (Qtel) provides fixed mobile and broadband services directly and through its subsidiaries. It was the sole fixed and mobile telecom operator in Qatar since 1987, until Vodafone Qatar broke its mobile monopoly in December 2007, and its fixed line network monopoly, in September 2008.

Formerly a government-owned company, known as the Qatar Public Telecommunications Corporation, it listed on the Qatar Exchange in 1998, the London Stock Exchange, in 1999 and the Abu Dhabi Securities Exchange, in 2002.

Qtel led a consortium that won the license to operate the second Omani GSM network, in 2004, and in November 2008, grabbed Oman’s second fixed-line license, supported by its partners TDC and other Omani investors. The company, named Omani Qatari TelecommunicationsOmani Qatari TelecommunicationsLoading... (NawrasNawrasLoading...), closed 2008 with 1.5 million subscribers, a 49% annual increase representing 2.6% of Qtel’s total.

Qtel acquired a 51% stake in the Kuwait-based Wataniya TelecomWataniya TelecomLoading..., in March 2007, for QAR13.84 billion (USD3.8 billion), which became one of the largest telecom deals in the MENA region and included a 9% Qtel share in each of Wataniya’s Iraqi and Algerian operations. This acquisition added over 10 million Qtel subscribers in Kuwait, Algeria, Tunisia, Saudi Arabia, the Maldives, Iraq and Palestine. Wataniya’s subscribers increased by 15% to 10.9 million, in 2008, representing 18.95% of Qtel’s total.

Qtel announced an alliance with the Saudi-based Abdulrahman Al Turki Corporation for Trading and ContractingAbdulrahman Al Turki Corporation for Trading and ContractingLoading..., in May 2008, to establish Wi TribeWi TribeLoading... Limited, a Bahrain-based provider of wireless broadband connectivity. Wi TribeWi TribeLoading... launched its Wimax services in Jordan, in June 2008. The company acquired the remaining 25% of Wi TribeWi TribeLoading... Pakistan, for QAR57.72 million (USD15.8 million), in July 2008. The alliance also established Wimax Networks a broadband Internet service to subscribers in North Africa, Middle East and Asia.

Qtel positioned itself in Iraq after acquiring 30% of AsiaCell for CommunicationsAsiaCell for CommunicationsLoading..., the entity using the assets of the discontinued subsidiary, the AsiaCell Telecommunication Company. In 2008, Asia Cell subscribers grew by 42% to 6.1 million, which accounts for 10.6% of Qtel’s total subscribers.

PT Indosat was Qtel’s latest acquisition, with a 40.8% stake in the Indonesian entity, purchased for QAR 6.2 billion (USD1.7 billion) from Asia Mobile Holding, in June 2008. PT Indosat was Indonesia's second largest mobile operator in terms of subscribers, with 37 million, as of the close of 2008, representing 64.32% of Qtel’s total. The company increased its stakes in Indosat to 65%, after it completed the purchase of 1.3 billion shares, in March 2009.

Qtel’s revenues rose to QAR20.31 billion (USD5.58 billion), in 2008, an annual increase of 95%. Its Qatar operations earned 27% of the total revenues, Indonesia 21%, Kuwait 15%, Iraq 14% and Algeria 9%. Revenues from wireless services accounted for QAR17.76 billion (USD4.88 billion), or 87.45% of the company’s total 2008 revenues, compared to QAR9.22 billion (USD2.53 billion), in 2007. Revenues from wire line services amounted to QAR2.54 billion (USD687 million), in 2008 or 12.55% of the total. The increase in Qtel’s revenues was attributed to its 2008 acquisitions, specifically PT Indosat.

Total group subscribers increased by 250% to 57.5 million, at the close of 2008, with Indosat’s subscribers representing 64.34% of the total. Revenues from non-Qatari activities accounted for QAR14.88 billion (USD4.08 billion), which represented 73.05% of the group’s total 2008 revenues, compared to 57.8%, in 2007.

Qtel aims to be one of top 20 telecommunications companies in the world, in 2020, by expanding its operations in the Middle East and internationally. As part of its expansion plans into South East Asia, the company opened a regional support office in Singapore. Qtel announced in August 2009, that it would shortly thereafter launch its wireless broadband operations in the Philippines.
 
 
  Industry Benchmarks  Yr 2007  Yr 2008  Change (%)
 
  No of Fixed-Line Subscribers 237,368  263,363  10.95 
 
  Penetration Rate - Fixed-Line (%) 26.37%  25.5%  N/A 
 
  Total Group Subscribers 16,400,000  57,518,804  250.72 
 
  No of Mobile Subscribers 1,264,206  1,682,980  33.13 
 
  Average Revenue Per User - ARPU (USD) 54  52  (3.56) 
 
  Country Market Share - Mobile 100%  100%  N/A 
 
  Penetration Rate - Mobile 140.5%  163%  N/A 
 
  % of Postpaid Subscribers 16.6%  14.12%  N/A 
View latest report on Telecom 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Indonesia Communications - Mauritius [ICLM] Mauritius 100.00%
Indonesia Communications - Singapore [ICLS] Singapore 100.00%
QTel Al Dafena Holding [QDH] Bahrain 100.00%
QTel Al Khore Holding [QKH] Bahrain 100.00%
QTel Al Saad Holding [QSH] Bahrain 100.00%
Qatar Southeast Asia Holding Company [QSEAH] Bahrain 100.00%
Qatar Telecom Asia [QTA] Singapore 100.00%
Qtel Gharafa Holdings Cayman Islands 100.00%
Qtel Gulf Holdings Cayman Islands 100.00%
Qtel International Qatar 100.00%
Qtel International Finance [QIF] Bermuda 100.00%
Qtel International Investment Qatar 100.00%
Qtel Investment Holding Bahrain 100.00%
Qtel West Bay Holding Company Bahrain 100.00%
Wi - Tribe Asia [WiTA] Cayman Islands 100.00%
World Trade Glory Virgin Islands (British) 100.00%
TDC - Qtel MENA Investcom Bahrain 79.40%
Clearwire Telecom Jordan 77.50%
Wi - Tribe Bahrain 77.50%
Wi - Tribe - Jordan [via Wi-Tribe] Jordan 77.50%
Indosat Finance Company [IFB] [via PT Indosat] Netherlands 65.00%
Indosat International Finance Company [IIFB] [via PT Indosat] 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 Qatar Southeast Asia Holding Company] Indonesia 65.00%
Raywood Incorporation Cayman Islands 61.20%
Al Rowad General Services [Al Rowad] Iraq 61.00%
Wi - Tribe - Pakistan [via Wi-Tribe] Pakistan 58.00%
Omani Qatari Telecommunications Company Oman 55.60%
Al Wataniya Gulf Telecommunications Holding Company Bahrain 52.50%
National Mobile Telecommunications Company Kuwait 52.50%
Wataniya International [WTI] UAE 52.50%
Starlink Qatar 51.00%
Navlink Incorporation United States 38.00%
Navlink Middle East [via Navlink Incorporation] Lebanon 38.00%
AsiaCell for Communication [via Raywood Incorporation] Iraq 30.00%
PT Aplikanusa Lintasarta [Lintasarta] [via PT Indosat] Indonesia 29.50%
Liberty Telecom Holdings Philippines 27.12%
Asia Mobile Holdings Singapore 25.00%
PT Starone Mitra Telekomunikasi [SMT] [via PT Indosat] Indonesia 22.60%
PT Satelindo Multi Media [SMM] [via PT Indosat] Indonesia -
Qtel Oasis Qatar -
Investments
 
Name  Country  Holding
PT Artajasa Pembayaran Elektronis [APE] [via PT Indosat] Indonesia 16.20%
Cambodia Shinawatra Company [CamShin] [via Asia Mobile Holdings] Cambodia 12.25%
Shenington Investments [via Asia Mobile Holdings] Singapore 12.25%
StarHub [via Asia Mobile Holdings] Singapore 12.25%
Arab Satellite Communications Organization Saudi Arabia 9.80%
Wataniya Telecom Algérie Algeria 9.00%
Lao Telecommunications Company [LTC] [via Asia Mobile Holdings] Laos 6.00%
Supervising Authority
 
Name  Country  Holding
Supreme Council for Information and Communication Technology Qatar -
 
 
  Representatives
Auditors
 
Ernst and Young Qatar
 
Banks
Commercialbank
Qatar National Bank
Ahli Bank
Doha Bank
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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