Qtel 2011 profit falls despite revenue increase – Mobile World Live

Qtel 2011 profit falls despite revenue increase

05 MAR 2012

Qatar number one operator Qtel grew its revenue by 16 percent in 2011 to hit QAR31.8 billion (US$8.74 billion) but recorded net profit of QAR2.6 billion, down 9.8 percent compared to 2010. During the fourth quarter of 2011, the operator hit revenue of QAR8.2 billion, up 14 percent on the same quarter in 2010 and net profit of QAR603 million, up 33.4 percent.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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