Qatar Telecom (QTEL) is a Qatar-based diversified telecommunications company offering services in Qatar and wireless telecommunication services in Asia, the Middle East and North Africa (MENA) region. The stock trades on the Doha Stock Exchange.
Qtel is planning to expand its operations in Saudi Arabia and Tunisia through its subsidiary Wataniya Telecom. The company operates in 17 countries and is planning to expand into other markets to mitigate the loss of its domination after Vodafone Qatar, a unit of the Vodafone Group (VOD), entered the Qatari market.
Recently, Qatar Telecom raised $2.75 billion in bonds to refinance its existing $3 billion term loan due in 2012, which will improve its profitability. In a conference call after the third-quarter results, the company said that it would meet its revenue and EBITDA guidance of 5% to 10% for the full year.