Vodafone Qatar held its Ordinary and Extraordinary General Assembly Meetings on June 20, approving all resolutions proposed in the agenda, including a payment of dividends to shareholders and an amendment to the Articles of Association.
Held at the Four Seasons Hotel in Doha, the meetings were chaired by Vodafone Qatar Vice Chairman H.E. Sheikh Faisal Bin Thani Bin Faisal Al Thani, and also covered the company’s activities and financial status for the fiscal year that ended on March 31.
“Vodafone Qatar’s growth in mobile revenues is attributed to the fact that 62 percent of Qatar’s population uses the company’s services each month,” Al Thani said. “On March 31, 2015, the number of our customers reached 1.44 million, representing 117,000 more subscribers over the previous year.”
The company had a 9 percent growth in customer base, which translated to a 16 percent growth in revenue, equal to $634 million.
“This financial year has seen many major achievements for Vodafone Qatar, most notably in the modernization of our network,” Vodafone Qatar CEO Kyle Whitehill said. “Our investment of [$159 million] predominantly in Vodafone’s network infrastructure has resulted in increased 3G and 4G coverage and capacity plus the launch of 4G+. All this has undoubtedly produced a significantly better customer experience in both voice and data services.”
