Monday, 23 November 2009 | 23:51 UAE time
COMPANIES
Qatar Telecom
- +150.90 Last
- +0.70 (+0.47%) Today's Change
- 38,710 Volume
- 91.00-163.50 52 Week Range
- +26.90 (+21.69%) 52 Week Change
COMPANY DESCRIPTION
Qatar Telecom (Qtel) is a provider of domestic and international telecommunication services to residential and business users in Qatar. In addition, it offers wireless telecommunication services in the Middle East, Asia and North Africa.Landline, mobile, cable television and internet services are provided by the company. Operating in 17 countries, foreign units accounted for almost three quarters of Qtel’s 2008 sales, with Indonesia, Kuwait, Iraq and Algeria joining the company’s home country as its top markets.
After adding international units and clients through three years of acquisitions, Qtel plans to raise its profits in 2009 by as much as 11 percent. It is targeting an improved net income attributable to shareholders of $700m in 2009.
However, the company said last month its rate of revenue growth would slow during the year to as much as 22 percent after sales nearly doubled to $5.57bn last year.
KEY INFORMATION
Industry
Fixed Line Operators, Internet Service Providers, Mobile Network Operators
Address
Qtel Towers, Corniche Street, 217, Doha, Qatar
T
974 4400400
F
974 4476231
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 29 June 1987 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Emirates Telecommunications Corporation | companies | 1 | UAE |
| Gulf Warehousing Company | companies | Qatar | |
| Qatar Investment Authority | companies | 55 | Qatar |
PORTFOLIO
| Name | Country |
|---|---|
| Al Rowad General Services | Iraq |
| Asia Mobile Holdings | Singapore |
| Commerce One Middle East | UAE |
| ICO Global Communications Holdings | USA |
| Inmarsat Ventures | UK |
| Intelsat | USA |
| National Mobile Telecommunications Company - Kuwait | Kuwait |
| Navlink | USA |
| Omani Qatari Telecommunications Company | Oman |
| Qatar National Bank - Qatar | Qatar |
| Qtel Group Services | Qatar |
| Qtel International Investment | Qatar |
| Qtel Investment Holding | Bahrain |
| Raywood | Cayman Islands |
| Thuraya Satellite Telecommunications Company | UAE |
| Wataniya Telecom Algérie | Algeria |
| Wi-Tribe | Bahrain |
| TDC - Qtel Mena M1 Group | Bahrain |
| Indonesia Communications [ICLM] | Indonesia |
| Indonesia Communications [ICLS] | Indonesia |
| Arab Satellite Communications Organization | Saudi Arabia |
| Liberty Telecoms Holdings Incorporated | Philippines |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Hamad Bin Abdullah Al Shamsi | Board Member |
| Ali Shareef Al Emadi | Board Member |
| Hareb Masood Al Darmaki | Board Member |
| Hamad Saeed Mohammed Al Badi | Board Member |
| Abdullah Bin Mohammed Bin Saud Al Thani | Chairman |
| Mohammed Bin Suhaim Al Thani | Vice Chairman |
| Mohammed Bin Issa Hamad Al Mohannadi | Board Member |
| Saad Mohammed Al Rumaihi | Board Member |
| Abdullah Hussein Al Qubaisi | Board Member |
| Abdullah Zaid Al Taleb | Board Member |
| MANAGEMENT | Position |
| Nasser Bin Mohammed Marafih | Chief Executive Officer |
| Ajay Bahri | Chief Finance Officer |
| Nick Dent | Chief Strategy Officer |
| Ian Dench | Executive Director - Corporate and VIP Accounts |
| Saud Bin Nasser Al Thani | Executive Director - General Services |
| Ahmad Youssef Al Derbesti | Executive Director - International Services |
| Walid Mohammed Al Sayed | Executive Director - Customer Services |
| Khaled Abdullah Al Mansouri | Executive Director - Business Solutions |
| Khalil Ibrahim Al Emadi | Executive Director - Networks |
| Adel Al Mutawa | Executive Director - Group Communications |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
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- Internal Audit Manager, Abu Dhabi, UAE
- Product Manager, Dubai, UAE
- Market Risk Oficer, Dubai, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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