Dr. Nasser Marafih, CEO of Qtel, during his speech
The Qtel Group has built solid foundations that will enable the company to take growth and development to the next level, driven by consistent operational performance, development of its existing portfolio and the company’s prudent financial management.
That was the key message shared with many of the world’s leading telecoms analysts at a special session convened in Doha, Qatar, today.
Representatives from international financial groups including Morgan Stanley, Nomura, JP Morgan, Credit Suisse and Deutsche Bank all participated in the event, which was designed to provide insight into Qtel’s progress on its strategic vision and plans for development.
The group has grown significantly over the last five years, with a series of prudent and “transformative” investments helping to drive nine-month revenue from US$ 819 million in 2005 to US$ 5,495 million by September 30, 2010. At the same time, it has grown from a presence in one country and an addressable population of fewer than 750 thousand people to a formidable regional player with a presence in 17 countries, addressing in excess of 680 million potential customers.
Dr. Nasser Marafih, CEO, headed the Qtel 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) and Wataniya (Kuwait) operations.
Dr. Nasser explained: “We have built firm foundations for the growth of our business by ensuring a consistent strategy, consistent imperatives, and consistent execution. The Qtel Group is already opening new areas of value through a range of shared synergies, such as framework agreements at a group level, and shared innovations, such as the entertainment and social networking services being launched across multiple markets.”
Sessions at the workshop focused on Qtel’s key differentiators, in particular the Group’s diverse portfolio. Around 80 percent of total revenue now comes from international operations and the Qtel Group has achieved a balanced representation in markets where mobile penetration is high, such as the GCC region, and emerging or growth markets, such as Indonesia, Iraq and Algeria.
Qtel’s impressive expansion has come from both organic growth and inorganic growth. In the future, the company is increasing its focus on Broadband solutions, recognising the significant potential for growth in the Middle East, North Africa, Asian Subcontinent and Southeast Asia.
The company also sees significant room for growth in the field of business-to-business hosted services, particularly as Asia and the Middle East power ahead with economic development.
“We host an annual Capital Markets Day event as part of our commitment to transparency, which sees the Qtel Group encourage dialogue with all stakeholders. The financial community’s support for the Qtel Group’s growth story has been a key part of our success in recent years, built upon our prudent management approach and our commitment to open channels of communication,” concluded Dr. Nasser