Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing third-quarter loss on Wednesday as its subscriber base rose by a quarter and revenue per user grew.
Vodafone, which ended Qatar Telecom's (Qtel) domestic monopoly in 2009, made a third-quarter net loss of 87.1 million riyals ($23.92 million) in the three months to Dec. 31, according to Reuters calculations.
That compares with a loss of 122.1 million riyals in the year-earlier period. The operator's financial year starts on April 1.
UPDATE 1-New subscribers help Vodafone Qatar trim Q3 loss | Reuters
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