Vodafone Qatar, backed by the UK’s Vodafone Group, has posted a net loss of QAR27.4 million (USD7.52 million) in the three months ended 30 June 2014, an improvement on the net loss of QAR84.9 million posted in the same period a year earlier, as the mobile and fibre broadband network operator grew its quarterly revenues by 27% year-on-year to QAR585 million. Quarterly EBITDA reached QAR159 million, an increase of 61% year-on-year. Mobile ARPU improved in the three-month period (Vodafone’s fiscal Q1) to QAR131 compared to QAR123 in April-June 2013, while total cellular customers increased by 18% y-o-y to 1.354 million at mid-2014. The company’s statement added: ‘This quarter also saw a significant milestone for the company with the launch of Vodafone 4G … Over the next few months, we will be expanding our 4G network to cover more of [Qatari capital] Doha focusing on indoor coverage as well as outside Doha especially the camping areas.’
Subscribe to CommsUpdate to get the dayâ€™s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors