Qatar Telecom’s 9-month 2011 revenue
increased 16.6 percent to QAR 23.6 billion compared with QAR 20.2 billion in
the same period previous year.
Net profit of Qatar Telecom marginally
increased to QAR 2 billion during the first 3 quarters of 2011 from QAR 1.9
billion in the corresponding period last year.
Revenue momentum in Qatar was driven in
part by broadband subscription growth. Seasonal promotions and foreign exchange
losses impacted Q3 2011 net profit.
The number of customers increased to 82.4
million from 69.1 million during the nine-month period ended 30 September 2011,
clocking a growth of 19.4 percent.
The company made investments in retention
efforts and product offerings across Wataniya portfolio delivering top-line
returns, with significant revenue growth in Kuwait and Algeria.
Despite a continuing competitive
marketplace, Nawras performance was steady with fixed-line revenue and
customers showing strong growth compared to 2010.
Indosat’s revenue growth remained positive
driven by increased mobile subscribers as well as fixed line data: Overall
mobile market growth continued to be moderate.
In an environment of ongoing competitive
and market challenges, the Group has delivered top-line growth when compared to
2010 while driving forward new innovations in technology, products and
services.
“The Qtel Group continues to deliver
positive financial results for our shareholders. In addition to introducing a
growing portfolio of innovative products and services for our customers, the
first nine months of 2011 have seen normalized Net Profit increase by 6.4
percent, year-on-year,” said Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani,
chairman of the Qtel Group.
“Alongside this we are also investing in
our people and expertise across the Group, so that we are able to respond to
and anticipate our customers’ needs. These dual priorities are enabling the
Group to generate value from mature markets and developing markets while
maintaining our leadership position in the industry,” Al-Thani added.
The group has undertaken competitive
promotions of products and services across markets while also managing costs.
This has resulted in strong EBITDA growth in key markets such as Iraq, Kuwait
and Algeria compared with 2010.
ANALYSIS of operations
Qtel – Qatar
Recognizing the importance of higher value
customers, Qtel invested in customer service innovations to reduce churn and
deliver higher levels of retention. Qtel also made important progress with the
Qtel Fibre program reaching technical readiness for commercial launch and the
trial phase completed for its LTE/4G project. Revenue was steady at QAR 4.2
billion. Qtel’s customer base was stable at 2.4 million.
Indosat – Indonesia
Indosat’s total subscriber numbers stood
28.2 percent higher at 51.8 million. The expanded subscriber base and a focus
on ongoing product and service refinements have seen revenue during the first 3
quarters of 2011 increasing by 8.6 percent to QAR 6.4 billion.
Wataniya Telecom
Wataniya Telecom has businesses in Kuwait,
Tunisia, Algeria, Kingdom of Saudi Arabia, the Maldives and Palestine. Wataniya
delivered revenue and EBITDA growth, with positive results in Algeria, where
revenue and EBITDA grew by 34.7 percent and 37.8 percent, and in Kuwait where
year-on-year results for revenue and EBITDA increased by 18.3 percent and 24.4
percent. The continuing development of Wataniya Mobile in Palestine has also
continued, with further market share and revenue growth achieved.
Wataniya’s consolidated customer base grew
by 7.2 percent to 17.4 million. Strong revenue growth was achieved, with
revenue increasing by 40.7 percent to QAR 7.2 billion.
Nawras – Oman
Nawras saw growth in the fixed-line
subscriber base, which reached 17,000 subscribers. Total mobile subscribers
stood at 1.9 million. Revenue in 9M 2011 increased by 4.8 percent to QAR 1.4
billion.
Asiacell – Iraq
Asiacell’s customer base grew by 9.9
percent to 8.7 million..
By Telecomlead.com Team
