Qatar Telecom Group, the leading telecommunications operator with a strong footprint across 17 countries in the Middle East, Africa and Asia regions, has released its first quarter ending March 2010 results today, posting a 14.2% rise in consolidated revenues to QAR6.4 million compared to the corresponding quarter of last year.
The Doha-based Group also registered positive operational indicators as consolidated customers grew 21.1% to 67.68 million. mainly driven by markets such as Iraq and Indonesia.
Commenting on the Results, Qtel’s CEO said: “We have continued to advance across all areas of our operations in this first quarter, building on the positive momentum generated during 2009, most notably in markets such as Iraq and Indonesia where progress has been particularly encouraging. We continue to prove highly successful in our efforts to defend and even expand our solid market positions in those markets where competition is heightened. At the same time, we have retained sufficient flexibility in our operating model to be in a position to respond quickly to opportunities and challenges as they arise.”
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