Algeria and Tunisia help boost Wataniya results, though profit slides

26 Apr 2012

Kuwaiti telecoms group Wataniya has reported a 90% drop in its first-quarter net profit to KWD28.3 million (USD102.1 million), with results in the year-earlier period having been boosted by a one-off fair value gain. Revenue for the three months to end-March 2012 stood at KWD180.3 million, up from KWD169.8 million the year before. The firm, which is majority-owned by Qatar Telecom (Qtel), increased its subscriber base by 8.7% y-o-y to 18.1 million, with new customer gains at its operations in Algeria (Nedjma) and Tunisia (Tunisiana) helping to offset declining sales in its domestic market.

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share