Vodafone Qatar net loss narrows
Dubai, January 30, 2014
Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing third-quarter loss on Thursday, Reuters calculations show, helped by a growth in its customer base.
Vodafone, which ended Ooredoo's domestic monopoly in 2009, made a net loss of 53.2 million riyals ($14.61 million)in the three months to December 31, Reuters calculated based on nine-month figures provided by the company. That compares with a loss of 87.1 million riyals in the prior-year period. The operator's financial year starts April 1.
Analysts polled by Reuters on average forecast Vodafone Qatar would make a quarterly loss of 72.7 million riyals.
The company reported a nine-month net loss of 213 million riyals compared with a loss of 325 million riyals in the prior-year period.
Vodafone Qatar - 23 percent owned by parent Vodafone - had 1.27 million mobile customers as of December 31, up 27 percent from a year earlier.
Total revenue for the nine months to December 31 was 1.43 billion riyals, a 31 percent growth over the same period last year, the company statement said.
The nine-month average revenue per user (ARPU), a key industry metric, was 125 riyals, up 3.6 percent year-on-year. - Reuters
More IT & Telecommunications Stories
- Etisalat sets ultimatum for SIM card registration
- Acer targets double digit growth in Saudi
- UAE mobile radiation levels below global standards
- Arpu's T-Pay gateway draws top game vendors
- SAP unveils new cloud platform
- Zain launches smartphone insurance
- Windows XP users warned on usage risks
- Tecom units welcome 181 new companies
- Ooredoo chairman joins WB gender equality council
- Mobily, Jasper start wireless M2M service
- Telecom Egypt expects mobile licence in Mar or Apr
- Sandvine wins big Etisalat follow-on order
- Aveva software for engineering plant design
- Nawras to upgrade VSat services across Oman
- Mobily, Huawei sign smart network contract
- Etisalat, Tata launch video connect service
- Talia seals new partnership with Thuraya
- 4-pillar approach for telecom operators to boost growth
- Dubai mobile emissions below global standards
- Nawras signs capacity contract with SES
- Etisalat showcases satellite solutions at Cabsat
- Batelco launches 4G LTE roaming
- Gulf Air clinches best innovation award
- Viva inks Pepsi partnership deal
- Du offers free smarphones on tablet purchase
- Batelco launches double credit promotion
- Cyber threats focus of Bahrain security talks
- Bahrain tech expo to honour innovators
- Scope ME named distributor for InfoWatch
- Nawras quadruples 3G+ mobile services