Vodafone Qatar posts smaller loss, says post-paid contracts and MNP are on the way

8 Jun 2012

Vodafone Qatar has posted a smaller fourth quarter loss year-on-year on the back of higher revenue and subscribers. The cellco booked a net loss of QAR126.6 million (USD34.5 million) for the three months ending 31 March 2012, compared to a loss of QAR143.9 million for the corresponding period last year. The loss for the full year stood at QAR486 million versus QAR600.7 million one year ago. Full-year revenue came in at QAR1.2 billion, up 28.3% year-on-year, thanks in part to an 11% growth in its subscriber base to 837,233. The operator told analysts that it expects to launch post-paid contracts within the coming weeks, and that it anticipates mobile number portability (MNP) in Qatar to be launched on 17 November, after signing an agreement with rival operator Qtel.

Qatar, Vodafone Qatar