Vodafone Qatar’s loss widens in 2015

Tough year for Qatari telco as revenues slide 8%
Middle East, Telecoms, Vodafone Qatar’s loss widens in 2015

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Losses at Vodafone Qatar increased by 90% year-on-year in the nine months to December 31, 2015.

Vodafone Qatar posted a loss of QR 285.6 million ($78.4 million) for the nine month period, compared to a loss of QR 149.8 million in the same period in 2014.

Revenues slipped to QR 1.6 billion in the nine months to December 31, from QR 1.7 billion in 2014.

However, mobile subscriptions rose by 6% to reach 1,501,000 mobile customers, compared to December 2014 and the highest ever customer base of the company.

Mobile average revenue per user (ARPU) was QR 110, a 12% year-on year reduction.

EBITDA achieved QR 343 million for the period; 19% lower year-on-year, representing an EBITDA margin of 21%.

H.E Sheikh Dr Khalid Bin Thani Al Thani, Vodafone Qatar’s chairman, said: “During the period, we have invested a further QR 119 million in our network infrastructure, as part of our ongoing focus on customer experience to deliver world class network quality and customer service. As a reflection of our confidence in our new and improved network, we launched a first of its kind ‘money back promise’ that offers new customers who are not fully satisfied with our service their money back.”

 

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