published 2012-04-30- 
Qatar
Qtel Q1 Revenue Grows Eight Percent to QAR 8.0 Billion
Mobilk - Qatar Telecom (Qtel) today announced that Group revenue increased by 7.6 percent 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 percent. EBITDA for the same period increased 8.0 percent to QAR 3.8 billion (Q1 2011: QAR 3.6 billion). EBITDA margin remained robust throughout the period at 48 percent (Q1 2011: 48 percent).
Net profit attributable to Qtel Shareholders decreased by 12.2 percent 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 percent of the Indosat tower portfolio, for a total potential consideration of US$ 519 million.
Qtel will publish its Q1 2012 financial statement on its website, accessible at: www.qtel.qa.
The Qtel "Ooredoo" Group is a leading international communications company, with a significant presence in the MENA region and Southeast Asia, and having a consolidated customer base of 83 million as of December 2011. It operates a portfolio of brands including Qtel,... more
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