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 Tuesday, March 18, 2008

Kuwait’s National Mobile Telecommunications Co (Wataniya) has reported a 51.5% rise in profit for 2007 at KWD80.7 million (USD282.6 million) on revenues of KWD407.6 million, up 26% year-on-year. The firm, which is a subsidiary of Qatar Telecom, is predicting further rises in profits and revenues in 2008. 52% of sales came from Wataniya’s domestic market in 2007, with the remainder from its operations in Tunisia, Saudi Arabia, Algeria and the Maldives. Wataniya had 9.54 million subscribers across its mobile operations at the end of December.

Source: TeleGeography.