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Qatar Telecom CEO: 'Consolidation is Going To Take Place'
By Paula Bernier, Executive Editor, IP Communications Magazines
Competition is heating up for Qatar Telecom QSC, so the company is talking about doing some acquisitions to stay competitive and drive growth during an era in which other operators are expanding into new markets and many have said flat is the new up .
According to a report , Nasser Marafih, CEO of Qtel (News - Alert), which sells telecom services in 17 countries, said: "We don't think huge growth is coming for this market, so consolidation is going to take place."
This comment comes in the wake of the company announcing a deal with Virgin Mobile to launch a mobile phone operator in Qatar, and possibly eventually in other locales.
The launch got off with a bang as forever-youthful Sir Richard Branson, chairman and founder of the Virgin Group of Companies, arrived via a cavalcade of jet skiers.
'Virgin Mobile is the fastest-growing and most successful business in Virgin's history, with more than 15 million customers around the world," Branson said. "Virgin Mobile Qatar is an entirely new type of mobile experience, which everybody can start enjoying from today. I am proud to have partnered with Qtel to make Virgin Mobile Qatar our first mobile launch in the Middle East, and I would like to invite the people of Qatar to come on in and enjoy the fun. We're open!'
Edited by Patrick Barnard