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Articles tagged with: Qatar Telecom and Nawras
Qtel Profits Up 15% on New Services - Impacted by Currency Wobbles
Qatar Telecom (Qtel) has announced a 58% rise in first quarter revenues to reach QAR 5.6 billion while profits rose 15% to reach QAR 604.4 million. more
Related Tags: qtel, indosat, asiacell, wataniya-telecom, , roaming, wataniya, presence, Qatar
Qatar Telecom Buys Control of Kuwait's Wataniya
Qatar Telecom has announced that it is paying US$3.7 billion for a controlling shareholding in Kuwait based, Wataniya, which has mobile operations in seven countries in the region. Qtel will acquire 51% of the share capital of Wataniya from Kuwait Projects Company Holding KSC (KIPCO) and other related parties as well as further and additional direct investments in its Algeria and Iraq operations for a total consideration of $3.7 billion. more
Related Tags: qtel, indosat, wataniya
Oman's second GSM network operator, Nawras commercially launched its services on Wednesday. At a press conference at the Grand Hyatt Hotel Muscat, attended by the board and senior management, Sheikh Saif bin Hashil Al-Maskery, Chairman of Nawras, thanked the wise leadership and vision of His Majesty Sultan Qaboos bin Said and his government for awarding the second mobile licence to Nawras. more
Related Tags: qtel
Qatari operator uses monopoly to fund overseas expansion
Extremely profitable Qatar's Qtel is leveraging its cash flow in regional expansions according to a new report from the Arab Advisors Group. This will be a boon for regional telecom markets and will open opportunities for the monopoly operator outside its home market. Qtel could face GSM competition in Qatar in 2006, the Arab Advisors Group believes. Arab Advisors Group projects cellular subscribers in Qatar to reach 702,000 by end of year 2008, translating into a penetration rate of 87%. This corresponds to a CAGR of 13.3% during the period 2003-2008. more
Related Tags: qtel, gsm-license, arab-advisors-group