Qtel posts increased Q1 revenues

Customer base enjoys 13.9 per cent hike.
News, International News


Qatar Telecom (Qtel) today announced that Group revenue increased by 16.5 percent to QAR 7.5 billion (Q1 2010: QAR 6.4 billion) during the first quarter ended 31 March 2011, fuelled by ongoing growth across its international portfolio.

The Group's consolidated customer base grew by 13.9 percent to stand at 75.6 million (Q1 2010: 66.4 million), while the Group's EBITDA increased 17 percent to QAR 3.6 billion (Q1 2010: QAR 3.0 billion). EBITDA margin remained robust throughout the period at 48 percent (Q1 2010: 47 percent).

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