Ooredoo Reports 1H 2015 Revenue of QAR 16 billion; Customer Numbers up by 21% Exceeding 114 million
Ooredoo Q. has unveiled the results for Q2 that ended on 30 June 2015. As at 30 June 2015, the Group’s consolidated customer base stood at 114 million (1H 2014: 94 million), representing year-on-year growth of 21%.
Ooredoo’s strategy to become a data-centric business continued to make progress during the period. Customer and data revenue growth were driven by Ooredoo’s investment in its broadband networks, data infrastructure, and creating innovative new bundles and data offers for customers. Strong growth of data revenue in Qatar, Oman, Algeria and Tunisia reflecting the growing adoption of data-based services, enabled by the pervasiveness of Ooredoo’s ultra-fast broadband networks. Ooredoo now has 4G deployed across five out of its nine markets, with Ooredoo Kuwait having launched 4G+ in March 2015. Algeria, Iraq, Qatar, the Maldives and Tunisia are all markets where Ooredoo is the market leader in data customer share. Ooredoo generated strong revenue of more than QAR 2.5 billion from its B2B segment.
Commenting on the results, His Excellency Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chairman of Ooredoo said “Ooredoo has shown strong growth in its customer numbers reaching over 114 million customers during the first half of the year. Ooredoo’s international brand, high speed broadband networks and services are increasingly building a compelling and valued range of services for our customers.”
Also commenting on the results Dr. Nasser Marafih, Group Chief Executive Officer said, “Ooredoo has continued to innovate with new services and strategies across our markets. We have seen revenue grow in local currency terms in Qatar, Indonesia, Algeria, Kuwait and Oman during the period. Data revenue grew by 64% compared to the first half of 2014, and now delivers 34% of the Group’s total revenue. Data revenue and smart phone penetration levels are still relatively low in our markets offering good growth prospects.”
