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 Friday, January 31, 2014

UK-Qatari joint venture Vodafone Qatar, part of the Vodafone Group, narrowed its net losses by 39% to QAR53.2 million (USD14.6 million) in its fiscal third quarter ended December 2013, compared to QAR87.1 million in the same period of 2012, driven by a 27% year-on-year increase in its mobile customer base to 1.27 million, according to Reuters calculations based on nine-month figures reported by the operator. Revenue for the nine-month period April-December 2013 grew by 31% year-on-year to QAR1.43 billion, while monthly average revenue per user (ARPU) climbed by 3.6% to QAR125. Nine-month net loss narrowed by 34% to QAR213 million, down from QAR325 million in the year-ago period.

Source: TeleGeography.