Qtel chief ready for Vodafone's arrival in Qatar

Telecom company reveals record Q2 net profits, aims for bigger slice of market.

  • E-Mail
By  Andy Sambidge Published  October 15, 2008

Qatar Telecom (Qtel) says it is ready and waiting for phone giant Vodafone which enter's the Gulf state's mobile and fixed line telephone sectors next year.

Qtel chiefs, who on Tuesday revealed record second quarter net profits of QR 655 million and recorded over 51 million consolidated customers, said they were "very confident" of grabbing an even bigger slice of the telecom market once competition begins in early-2009.

Dr Nasser Marafih, Qtel CEO, said: "There is enough room in this market and we have welcomed this development (Vodafone's entry).

"Our preparations started a long way back and we understand what competition means as we have entered many markets such as Oman, where there was competition."

Marafih did not feel Qatar was too small a market with its estimated population of 1.3m, Qatar daily The Peninsula reported on Wednesday.

He said there was going to be surge of people coming to Qatar as the country's economy grows.

The CEO also said he hoped the present global financial crisis would be over in the not too distant future.

Qtel said it is heavily engaged with the “Broadband Qatar” campaign, which aims to make affordable, high speed internet connectivity should be available to all.

Qtel has invested significantly in building one of the most advanced 3G and 3.5G networks in the region, and is working hard to ensure that as many people as possible reap the benefits.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code