Vodafone Qatar loss narrows as customer base grows | Reuters

Vodafone Qatar VFQS.QA said its quarterly net loss narrowed 5 percent from the previous quarter as it grew its customer base by 15 percent.

The Qatari affiliate of British mobile operator Vodafone (VOD.L), which is fighting a regulatory decision to allow new competitor Virgin Mobile into the Qatari market, said its net loss for the first quarter narrowed to 148.7 million Qatari riyals ($40.87 million) from 155.7 million in the previous quarter.

The company posted first quarter revenue of 175.8 million riyals, up 22 percent from the previous quarter. It had 534,000 customers by the end of June, representing 32 percent of the population of Qatar and a 19 percent market share.