Dr. Nasser Marafih, Qtel Group CEO, outlines the new vision and values for the Qtel Group
In response to industry trends prevalent in an ever-changing technological and consumer-driven world, the Qtel Group is adapting its strategy to better exploit these new opportunities in the changing telecommunications landscape.
That was the key message shared with many of the region’s leading telecoms analysts at a Qtel Group annual event held in Doha, Qatar.
Representatives from international financial groups including Morgan Stanley, HSBC, JP Morgan, Credit Suisse and Deutsche Bank all participated in the event, which was designed to provide insight into the Qtel Group’s strategic evolution and plans.
Qtel’s management presented the three strategic pillars of the Qtel Group strategy:
Differentiate with customer experience
Strengthen our internal foundation
Invest in new growth
Dr. Nasser Marafih, Qtel Group CEO explained: “We have had significant success to date and our aspiration to join the top twenty global operators by the end of the decade remains important for us. However, we recognize that the market is changing quickly and that we need to change with it. Our new vision and Group strategy builds on our previous strategy and refines it by increasing our focus on differentiated customer experience, on transforming the way we manage our operations and embracing emerging and parallel business opportunities. At the same time, we will continue to set ourselves challenging financial targets.”
One hundred and fifty executives from across the Qtel Group met in Doha last week to discuss the new strategy and plan for the future. The meeting was opened by Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman of the Qtel Group, who welcomed the assembled executives from 13 countries. He expressed his thanks for the Group's achievement to date, and his confidence for the future.
In the future, the company will increase its focus on Broadband solutions, Business-to-Business opportunities, Digital Futures (TV, Finance and Health) and Fibre technologies. At the same time the Group will drive further operational and cost efficiency, productivity, and scale benefits while growing organizational and people capabilities.
Dr. Nasser as Qtel Group CEO headed the delegation, which also included senior representatives from the company’s international, financial and strategic business units, including CEOs from Qtel (Qatar), Nawras (Oman), Indosat (Indonesia), Tunisia (Tunisiana), Wataniya (Kuwait) and Wataniya Mobile (Palestine).
“The Qtel Group Capital Markets Day event reiterates our commitment to transparency, and continues our practice of encouraging dialogue with all our stakeholders. A key part of our success in recent years has been made possible by proactive engagement with our shareholders, and this session further builds on our commitment to open, bilateral channels of communication,” concluded Dr. Nasser.