GEC NEWS WIREOoredoo Group reported QAR 32 billion Revenue in 2015; Group Customer Numbers increased by 9% to 117 million
Having successfully established a global platform of branded network delivery for communication services, Ooredoo has been evolving its strategy to ensure the organization is aligned around creating competitive and sustainable operations in a rapidly changing industry. Ooredoo Group reported QAR 32 billion Revenue in 2015. Commenting on the results, H.E. Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chairman of Ooredoo, said, “In 2016 and beyond, our focus will remain on returns, operational speed, execution excellence, efficiencies and performance management to drive growth through our data-centric business. Ooredoo Group delivered a strong performance in 2015 adding 9.5 million new customers and reaching a global customer base of 117 million. Despite currency volatility in emerging markets and the security situation in Iraq, our underlying financial and operational performance was solid. We grew revenue and EBITDA in local currency terms in our primary markets and continued to roll-out the Ooredoo brand across our footprint.”
Also commenting on the results, H.E. Sheikh Saud bin Nasser Al Thani, Group Chief Executive Officer of Ooredoo said, “Ooredoo Group’s performance was robust during 2015 as we generated organic revenue growth in local currency terms in Qatar, Oman, Kuwait, Algeria, Indonesia, Myanmar, Palestine and Maldives. This was partially offset by the challenges with the security situation in Iraq, a weakened Tunisian macro-economic environment and currency volatility in emerging markets.
