Qatar Telecom reports increase in turnover

www.WirelessFederation.com/news: Consolidated group financial and operational results for 2009 has been posted by Qatar Telecom in which 20.5% increase in the net profit attributable to shareholders has been revealed, going up from up from QAR2.3 billion in 2008 to QAR2.8 billion (USD765 million) in the full-year. The company showed 15.1 percent increase in the EBITDA going up to QAR 11.3 billion.

The consolidated customer base of the group stood at 60.5 million at December 31, 2009. Entry of Qtel’s first mobile competitor, Vodafone Qatar affected the domestic EBITDA which fell to QAR3.3 billion.

The Indonesian unit of the company, Indosat’s subscriber base at end-December 2009 stood at 33.7 million, down from 37.0 million a year earlier. Removal of a significant proportion of the lower-value, calling card type behavior subscribers’ from its base over the twelve-month period has been cited as reason behind this decrease.

The total active subscribers of Asiacell increased by 20.4% during 2009 as a result of which the year closed at 7.35 million, revenue increased by  40.4% to QAR4.0 billion and EBITDA increased by 43.9% to QAR2.2 billion.