Qtel 2Q revenues more than double

Qatar Telecommunications (Qtel), Qatar’s incumbent fixed line and mobile operator and third-largest firm by market value, made a second-quarter net profit of QAR486 million (USD134 million), up by QAR62 million year-on-year. Revenues were QAR2.56 billion in Q207, up from QAR1.08 billion in Q206, as the cost of domestic and international expansion rocketed.