Qtel reports subscriber base of 77.5 million end-June

Qatar Telecom (Qtel) announced that group revenue increased by 16.6 per cent to QAR 15.4 billion (US$4.2 billion) in H111 to end-June, driven by superior operational progress across the telco.

Qtel’s consolidated customer base grew by 16.2 per cent over the period to stand at 77.5 million, while the group EBITDA increased 15 per cent to QAR 7.2 billion. EBITDA margin remained robust throughout the period at 47 per cent, same as for the corresponding period the year earlier.

Net profit attributable to Qtel shareholders increased by 16.7 per cent when normalised for a one-off favourable decision on the royalty regime in Qatar in 2010 of QAR 554 million related to the period of 2007-2009. H111 net profit attributable to Qtel shareholders stood at QAR 1.4 billion, down 22 per cent year-on-year.