22 Apr 2010
(MENAFN) Qatar Telecom (Qtel) announced its first quarter earnings with $329.8 million net profit, which is more than double the figure reported in the same quarter a year earlier, Gulf Daily News reported.
The company said that the hike in quarterly profits was mainly due to growth in overseas markets. Qtel spokesman said that expected competitive pressure in Qatar was offset by growth in other markets, particularly Tunisia, Iraq, Algeria and Oman.
Qtel, which operates in 17 countries, has expanded rapidly abroad aiming to cushion the loss of its monopoly after Britain’s Vodafone entered the Qatari market.
The spokesman pointed out that Qtel has been focusing on acquisitions in the Middle East and North Africa region, the Indian subcontinent as well as south east Asia, and the firm will continue to be looking for acquisitions throughout 2010.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more