Ooredoo
 |
|
| Public company | |
| Traded as |
DSM:ORDS ADX: ORDS : |
| Industry | Telecommunications |
| Headquarters | Doha, Qatar |
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Areas served
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Kuwait, Qatar, Oman, Palestine, Iraq, Tunisia, Algeria, Indonesia, Maldives, Myanmar |
|
Key people
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Abdulla bin Mohammed bin Saud Al Thani (chairman) Sheikh Saud bin Nasser Al Thani (CEO) |
| Revenue | US$8.8bn (2015) |
| QAR 3,080,458,000 (2014) | |
| QAR 2,528,387,000 (2014) | |
| Total assets | QAR 97,999,347,000 (2014) |
| Total equity | QAR 30,468,513, 000 (2014) |
|
Number of employees
|
17,000 (2014) |
| Website | www |
Ooredoo (formerly Qtel) is an international telecommunications company headquartered in Doha, Qatar. Ooredoo provides mobile, wireless, wireline, and content services with market share in domestic and international telecommunication markets, and in business (corporations and individuals) and residential markets. It is one of the world's largest mobile telecommunications companies, with over 114 million customers worldwide as of September 2015.
Partly state-owned, Ooredoo has operations in the Middle East, Europe and Asia, including Algeria, Indonesia, Iraq, Kuwait, Myanmar, Maldives, Oman, Palestine, Qatar and Tunisia. Ooredoo's shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
Ooredoo has a market capitalisation of QAR 301.2 billion as of September 2015, and was named "Best Mobile Operator of the Year" at the World Communication Awards 2013.
Qtel was founded in Doha in 1987 initially as a telephone exchange company. It has since grown to become the largest communications operator in Qatar offering new technologies to the country including mobile, broadband, digital, and fiber services. The publicly traded company has ownership from the royal family with H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al Thani as the company's chairman is and Sheikh Saud Bin Nasser Al Thani as its CEO. Q-Tel's COO is Waleed Al-Sayed.
Qtel Group and all its operating companies worldwide were officially unified under Ooredoo Group in February 2013, as part of the company's strategy to combine its assets in order to form a global business within the telecommunications industry. The name Ooredoo is Arabic for "I Want", chosen "to reflect the aspirations of Ooredoo customers and the core belief that Ooredoo can enrich people's lives and stimulate human growth in the communities where it operates."
Ooredoo has experienced significant growth over the last six years, transforming from a single market operator in Qatar to an international communications company with a global customer base of more than 114 million customers worldwide (as of September 2015) and consolidated revenues of QAR 24.2 billion for the first nine months of fiscal year 2015.
In 2010 the company upgraded its 3G network in the country and launched its Mobile Money service. By 2012, its network grew with its fiber network that provided services with download speeds of up to 100 Mbit/s, HDTV, and its initial phase of its 4G LTE mobile broadband service. The company's consumer base has grown significantly in recent times, from 1.9 million subscribers in 2008 to 2.5 million in 2012 within Qatar. Its annual revenues increased by QAR 3.5 billion from 2012 to 2013 in a single quarter.
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Wikipedia