Qatari Confidence

Qatar Telecom, with 57 million customers and a presence in 17 countries, said it will continue to aim for a strong performance in 2009, "even in the face of new competitive pressures." Following the acquisition of Indosat, Indonesia’s second largest telecoms company, QTel's revenues increased 93 percent to 20.3 billion Qatari riyals (5.58 billion US dollars) in 2008, while net profit rose 36 percent to 2.3 billion Qatari riyals. source: QTel statement.