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Qtel Q3 profit up 9%
- Qatar: Thursday, October 22 - 2009 at 11:53
Qatar Telecom (Qtel) has said its third-quarter profit rose 9% to QR711m ($195m) from QR655m a year earlier, Bloomberg has reported. The group's consolidated customer base had reached 53.4 million at the end of September, the company said. 'Indonesia, Algeria and Iraq are the fastest growing markets under Qtel's operations,' according to Chandresh Bhatt, assistant vice president of the research group for Kuwait-based Global Investment House.
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