Vodafone Qatar quarterly losses narrow

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images)

(Getty Images)

Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing third-quarter loss on Wednesday as its subscriber base rose by a quarter and revenue per user grew.

Vodafone, which ended Qatar Telecom's (Qtel) domestic monopoly in 2009, made a third-quarter net loss of QR87.1m ($23.92m) in the three months to December 31, according to Reuters calculations.

That compares with a loss of QR122.1m in the year-earlier period. The operator's financial year starts on April 1.

Quarterly revenue was QR395.6m, up from QR315.8m a year ago.

Vodafone Qatar launched post-paid contract services in June, which the operator hopes will help woo subscribers from Qtel and improve margins. Customers on post-paid contracts are typically wealthier and spend more on telecoms as well as being less likely to switch operators.

Vodafone had 1 million mobile customers as of December 31, up 26 percent from a year earlier.

Third-quarter average revenue per user (ARPU), a key metric for the telecom sector, was QR121, up 8.4 percent year-on-year.

Vodafone, which owns 23 percent of Vodafone Qatar, in November extended a contract to manage its Qatari affiliate until 2018.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

How QSTP is incubating innovation

How QSTP is incubating innovation

Courtney Trenwith examines how Qatar’s dedicated research and...

Making Connections: Lou Lou Khazen Baz

Making Connections: Lou Lou Khazen Baz

In the space of just two years Nabbesh has grown from a bold...

2
Most Popular
Most Discussed