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Indosat Ooredoo sells more towers, raising $750 million
2021-03-30 02:00:00| Total Telecom industry news
Over the past year, numerous operators around the world have been offloading their mobile tower infrastructure in exchange for quick cash, with investors desire for infrastructure proving seemingly insatiable. Now, Indosat Ooredoo is the latest in a long line of telcos to announce the sale and leaseback of a portion of their mobile towers to EdgePoint…read more on TotalTele.com »
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Ooredoo wants to take on Telkomsel with Hutchison merger
2021-03-18 01:00:00| Total Telecom industry news
Back in December 2020 it was first announced that Qatari telecoms company Ooredoo was exploring the possibility of merging its Indonesian unit with CK Hutchison’s PT Hutchison 3, a move which would see them poised to challenge Telkomsel’s market dominance in Indonesia. Now, reports suggest that the combined entity may be looking to grab a market share as large as 30% following the merger…read more on TotalTele.com »
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Ooredoo Group and Ericsson sign 5-year strategic 5G agreement
2021-01-04 15:02:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group and Ericsson have signed a global frame agreement for the supply of 5G radio, core and transport products and services, as well as...
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Ooredoo, CK Hutchison start talks on merger of Indosat, 3 Indonesia
2020-12-29 08:54:00| Telecompaper Headlines
(Telecompaper) Ooredoo and CK Hutchison have agreed to merge their mobile operators in Indonesia, namely Indosat and Hutchison 3 Indonesia...
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indonesia
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merger
Ooredoo Group net profit grows 16% in first 9 months, revenue down 3%
2020-10-29 09:17:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group said its net profit increased by 16 percent to QAR 1.47 billion in the first nine months to 30 September from QAR 1.26 billion in the same period in 2019 in a more favorable foreign exchange environment. Revenue declined by 3 percent year-on-year to QAR 21.41 billion from QAR 21.96 billion because of Covid-19, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some markets. This was partially offset by growth in Indonesia.