05 May 2012
MUSCAT -- Qatar Telecom (Qtel) has announced that Group revenue increased by 7.6 per cent to end the period at QAR 8.0 billion (Q1 2011: QAR 7.5 billion), driven by service excellence and the roll-out of new services.
The Group's consolidated customer base stood at 84.4 million (Q1 2011: 75.6 million), representing growth in customer numbers of 11.7 per cent. EBITDA for the same period increased 8.0 per cent to QAR 3.8 billion (Q1 2011: QAR 3.6 billion). EBITDA margin remained robust throughout the period at 48 per cent (Q1 2011: 48 per cent).
Net profit attributable to Qtel Shareholders decreased by 12.2 per cent at QAR 0.7 billion (Q1 2011: QAR 0.8 billion), mainly due to foreign exchange losses in Indonesian operations.
Highlights of the period included sustained performance in Iraq, Qatar, Algeria and Tunisia; the commercial launch of Qtel Fibre; and the agreement for the sale and leaseback of approximately 25 per cent of the Indosat tower portfolio, for a total potential consideration of $519 million.
MUSCAT -- Qatar Telecom (Qtel) has announced that Group revenue increased by 7.6 per cent to end the period at QAR 8.0 billion (Q1 2011: QAR 7.5 billion), driven by service excellence and the roll-out of new services.
The Group's consolidated customer base stood at 84.4 million (Q1 2011: 75.6 million), representing growth in customer numbers of 11.7 per cent. EBITDA for the same period increased 8.0 per cent to QAR 3.8 billion (Q1 2011: QAR 3.6 billion). EBITDA margin remained robust throughout the period at 48 per cent (Q1 2011: 48 per cent).
Net profit attributable to Qtel Shareholders decreased by 12.2 per cent at QAR 0.7 billion (Q1 2011: QAR 0.8 billion), mainly due to foreign exchange losses in Indonesian operations.
Highlights of the period included sustained performance in Iraq, Qatar, Algeria and Tunisia; the commercial launch of Qtel Fibre; and the agreement for the sale and leaseback of approximately 25 per cent of the Indosat tower portfolio, for a total potential consideration of $519 million.
© Oman Daily Observer 2012
