Omantel Q1 net down 19% on higher infrastructure spend
Than I wonder how that happens and is it really normal and my curiosity level start to increase so I decide to see how that compare to other communication company in the world. I am big fan of Vodafone and I have used their service for 6 years with big satisfaction when I was in UK and it’s the largest second company in the world after China Mobile. I found this report in (https://www.zawya.com) (for report click here) and I looked up for Vodafone profit in Wikipedia which is very trusted source. hence this what I found out for the year 2010:
Net profit : 8645 Million dollar
number of subscribers : 341 Million
Number of Employees: 84990
Profit rate: 25 dollar per subscriber
Net profit : 335 Million dollar
number of subscribers : 3.2 Million ( I don’t know how as our population is only 2 million)
Number of Employees: 2200
Profit rate: 105 dollar per subscriber
So let’s read in these numbers, Omantel have 1% of Vodafone subscribers and 3 % of employee. However, when it comes to profit per subscribers Omantel have 410% more than Vodafone. In English, Omantel making 4 times more than Vodafone if we take the number of subscribers into account.
In another language it means Omantel is 4 times expensive as Vodafone which is a very high.
So can anyone tell me the logic behind this?
Anyway, I will stop here I was gunna compare the service and facility they have but than I thought its enough depression and frustration for one day