Ooredoo Group customers up 20% in a year

29 Oct 2015

Qatar-based Ooredoo Group has reported that its consolidated telecoms customer base grew by 20% in the twelve months to 30 September 2015 to 114.9 million, driven by strong mobile user uptake at Indonesian unit Indosat as well as Ooredoo-branded mobile operations in Myanmar, Algeria, Qatar and Oman. Group revenue in reported currency fell 3% year-on-year to QAR24.20 billion (USD6.64 billion) in 9M 2015, impacted by adverse currency movements in Indonesia, Algeria and Tunisia, as well as the security situation in Iraq. Excluding FX impact, nine-month group revenue would have increased by 4% y-o-y, supported by revenue growth in local currency terms in Qatar, Oman, Indonesia, Myanmar, Algeria, Kuwait and the Maldives. Group EBITDA reached QAR10.01 billion in January-September 2015, down by 2% y-o-y (although in local currency terms the figure would have increased by 5%), while consolidated net profit dropped by 15% to QAR1.76 billion in the first three quarters of the year.

Qatar,Ooredoo Group,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share