je.st

Home › ooredoo

Tag: ooredoo

Ooredoo plans rival bid to STC for Turk Telekom owner - report

2017-11-22 14:48:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group has decided to bid for the insolvent owner of Turkey's biggest telecommunications company to rival an offer from Saudi operator STC, Bloomberg reports citing three unnamed sources familiar with the matter. Ooredoo will bid to acquire Ojer Telekomunikasyon or Otas, a special purpose vehicle that owns 55 percent of Turk Telecom, while the Saudi proposal also remains on the table, the sources said.

Tags: report plans owner bid

Ooredoo Group 9-mth revenue lifts slightly to QAR 24.5 bln

2017-10-30 09:08:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group reported 1 percent increase in its revenue to QAR 24.5 billion in the first nine months, compared with 24.3 billion the year earlier, driven by strong contributions from Indonesia, Oman, Kuwait, Iraq, and the Maldives. Excluding forex effects, revenues would have increased by 2 percent compared to the reported 1 percent revenue increase. Ooredoo group ended the quarter with 150 million customers, representing an increase of 13 percent driven by strong growth in Indonesia, Iraq, Algeria, Tunisia, Oman, Qatar and the Maldives.

Tags: group slightly revenue lifts

Ooredoo Myanmar CEO quits

2017-08-22 02:00:00| Total Telecom industry news

Ooredoo on Tuesday named an interim leader for its Myanmar business after accepting the resignation of chief executive Rene Meza…read more on TotalTele.com »

Tags: ceo myanmar quits ceo quits

Ooredoo Q3 net profit falls 51% on forex losses

2016-10-31 09:38:00| Telecompaper Headlines

(Telecompaper) Qatar-based Ooredoo Group reported third-quarter revenues up 2 percent year-on-year to QAR 8.352 billion, and EBITDA rose 3 percent to QAR 3.678 billion. The company's net profit was still down 51 percent from a year earlier to QAR 370 million, due to foreign exchange losses. Ooredoo attributed the growth in underlying results to strong growth in data revenues, which reached 39 percent of group revenues, and expansion in the enterprise market, which accounted for 17 percent of revenues. In addition, the customer base grew 16 percent year-on-year to 166 million at the end of September.

Tags: net falls profit losses