Vodafone Qatar has become Ebitda positive for the first time in the quarter ending in December and earned a revenue of QR652mn for nine months up to 2010-end.
Vodafone Qatar’s earnings before interest, tax, depreciation and amortisation (Ebitda) was positive at QR1mn for the first time in Q4, 2010, acting CEO John Tombleson said yesterday.
“This is a milestone achievement for us since we turned on our network last year,” Tombleson told Gulf Times yesterday.
He said Vodafone Qatar achieved a customer base of 711,000, covering some 43% of the country’s population by 2010-end. This represents a growth of 18% quarter-on-quarter, or more than 1,200 new customers a day.
At the end of September 2010, Vodafone Qatar had reached 601,000 customers. This means in just three months Vodafone earned an ‘impressive figure’ of 110,000 additional customers.
Vodafone Qatar said its achievement is supported by focusing on enhancing the quality and capacity of its mobile network, which is robust and reliable, providing clear mobile communications all across Qatar.
Vodafone Qatar has 100% 2G coverage across Qatar. The service provider has also deployed the latest available 3G technology, UMTS 2100 and 900, which provides 3G coverage to 98% of Qatar’s population.
Tombleson said the total revenue for the quarter ending December was QR266.5mn, a 27% increase compared with the September quarter. ARPU (Average Revenue Per User) continued to increase; ARPU for the December quarter was QR120, which is an increase of 8% from the September quarter.
“This is our third consecutive increase in quarterly ARPU and represents Vodafone Qatar’s progress in bringing new products to market and acquiring customers in new target segments,” said Wade Kirkland, acting chief financial officer.
Tombleson said the Ebitda loss before interest, tax, depreciation and amortisation continued to improve, with Ebitda of QR30.9mn for the nine months up to December 31, 2010, a six-fold improvement on last year’s result.
Going forward, he said, Vodafone would continue to focus on improving the quality of its network and capacity.
Vodafone Qatar currently has 100% 2G-coverage across Qatar and provides 3G-coverage to 98% of the population.
He said Vodafone planned to expand its money transfer service to India, Sri Lanka, Nepal and Pakistan among other countries this year.
Vodafone Money Transfer was launched in November 2010 following approval from the Qatar Central Bank. Vodafone Money Transfer allows Vodafone customers to instantly send money overseas directly from their mobile phones. Currently, the service is available only to The Philippines.
“It has been a great quarter with many customers making the decision to be with Vodafone and to use our services, everyday. With more than 43% population share, the Vodafone community continues to grow.
“We will continue to invest to expand the business further and ensure a great quality experience for all our customers on Vodafone.