feedburner

Enter your email address:


Vodafone Qatar Full Year Loss goes to $185 Million

Posted by Unknown Labels:

“Vodafone Qatar” – A joint venture between Vodafone and the Qatar Foundation – has reported a net loss of 673.4 million riyals ($185.1 million) in its 2009-10 fiscal year whereas generated the Revenue of QAR 361.5 million (US$99.2 million) for the full year to 31 March, which is 26% ahead of its plan when the company launched its network last year.

The Company’s customer base continues to grow; on 9 May Vodafone Qatar announced that they had reached 500,000 customers. In the last quarter of the financial year, Vodafone Qatar’s customer base grew 32% as a result of continued international calling promotions and the 2010 domestic calling campaign.

On the announcement of Vodafone Qatar’s full year results, Chief Financial Officer John Tombleson commented, “We now have a substantial customer base that will help drive future performance and forms a solid basis for generating future revenue growth. We expect to build upon our achievements in the next financial year.”

Vodafone qatar is Qatar’s second biggest mobile operator, It won the license in 2007 for $2.12 billion and broked monopoly of “Qatar Telecom” in the world’s largest liquefied natural gas exporter.



0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAMIER

This Blog does NOT encourage or train someone to perform potentially harmful or illegal activities such as Black hat hacking or cyber crime. The Tips and Tricks provided in this blog are founded by me and some of them are inspired from other blogs and websites. The purpose of all the information provided in this blog is to just make people aware of the security threats and providing them the means to handle them. All the information provided in this blog is only for personal troubleshooting and NOT for performing illegal activities like breaking down in someone's system or server. ramtele.blogspot.com is NOT responsible if anyone breaks the law or does whatever using the techniques mentioned in this blog.Maximum care have been made to provide correct informations in this blog.Still if there occurs any loss due to wrong informations in our blog,we are not responsible for that.