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Qtel Q4 net profit rises 15%
2013-03-04 12:57:00| Telecompaper Headlines
(Telecompaper) Qatar Telecom, now known as Ooredoo, reported fourth-quarter net profit of QAR 523 million, up 14.6 percent from a year earlier. Revenues rose 6.4 percent to QAR 8.71 billion, and EBITDA was up 0.6 percent to QAR 3.88 billion. The company, which operates in 16 countries across the Middle East, Africa and Asia, grew its customer base 11.4 percent over the year to 92.9 million, including associates. Over the full year 2012, the operator increased capex 11 percent to QAR 7.32 billion or 22 percent of revenues, while free cash flow was up 2 percent to QAR 5.63 billion. Qtel said it would pay a cash dividend of QAR 5 per share. In the company's home market, quarterly revenues rose to QAR 1.58 billion from QAR 1.46 billion a year earlier, and EBIDTA increased to QAR 794 million from QAR 708 million, helped by a focus on cost control. While the customer base rose to 2.529 million at year-end from 2.376 million a year earlier, Qtel estimates its market share was down to 69 percent from 72 percent in 2011. ARPU of QAR 148.7 was up from QAR 145.2 a year earlier but fell from QAR 153.2 in Q3.
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Qtel rebrands as Ooredoo
2013-02-26 09:47:00| Telecompaper Headlines
(Telecompaper) Qtel Group has announced that it will change its brand name to Ooredoo. Each of its operating companies across the Middle East, North Africa and Southeast Asia will adopt the new brand during the course of 2013 and 2014. These companies, in which Ooredoo already has a controlling interest, include brands such as Qtel in Qatar, Indosat in Indonesia, Wataniya in Kuwait, Nawras in Oman, Tunisiana in Tunisia and Nedjma in Algeria. Qatar's Qtel has renamed itself Ooredoo in a bid to bring all its international businesses under a single brand identity. The operator has experienced significant growth over the last six years, transforming from a single market operator in Qatar to an international company with a global customer base of more than 89.2 million people (as of 30 September 2012) and revenues of USD 6.8 billion for the first nine months of fiscal year 2012.
Qtel rebrands itself as Ooredoo
2013-02-26 01:00:00| Total Telecom industry news
Qatari telco unites group companies under single brand, including Indosat, Wataniya and Tunisiana.
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