Dr. Samer moves to Ooredoo Palestine from his most recent role as Chief Legal and Regulatory Officer at Ooredoo Algeria, bringing to his new position over 15 years of experience in the telecoms industry and in several leadership roles within the Group. Previously, he was Legal and Regulatory Director at Ooredoo Group’s Legal and Regulatory Department and was General Counsel of Ooredoo Palestine before that. He holds a PhD in Law from Ghent University in Belgium.

Dr. Samer Fares succeeds former Ooredoo Palestine CEO, Dr. Durgham Maraee, who successfully drove the company’s strategy and growth since 2013. Under his leadership, Ooredoo Palestine delivered strong growth in market share, subscriber base, revenue, EBITDA and net profit year after year.  Dr. Maraee also oversaw the successful launch of the company’s commercial services in the Gaza Strip, as well as its highly successful launch of 3G services in the West Bank.  With many achievements throughout the year, he has laid solid groundwork for future success.

Aziz Aluthman Fakhroo, Managing Director and Group CEO at Ooredoo Group, said: “On behalf of the entire Group, I would like to congratulate Dr. Samer Fares on his appointment as CEO of Ooredoo Palestine. Dr. Samer brings a wealth of experience and a proven track record of success to the role, and we are excited to see him lead Ooredoo Palestine to new heights. I would also like to take this opportunity to thank Dr. Durgham Maraee for his outstanding leadership and contributions to the company during his tenure. His dedication, hard work, and vision have been instrumental in shaping Ooredoo Palestine into the successful company it is today. I wish him the best of luck in his future endeavors.”

On behalf of the Board of Directors, Ooredoo congratulates Dr. Samer Fares on his new appointment and thanks former Ooredoo Palestine CEO Durgham Maraee for his excellent service in the past years, wishing them both great success in the future.

-ENDS-

About Ooredoo

Ooredoo is an international communications company operating across the Middle East, North Africa, and Southeast Asia. Serving consumers and businesses in ten countries, Ooredoo delivers leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of QAR 23 billion as of 31 December 2022. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

The post Ooredoo Group Appoints New Palestine CEO first appeared on Ooredoo corporate.

Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announces that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 22 June 2023.

Below is the announcement in full:

————————————————————————-

U.S. $500,000,000 @ 3.75 per cent. Guaranteed Notes due 22 June 2026

(ISIN Code: 144 A – US68341PAA75, Reg S – XS1435374126)

(the “Notes”)

Issued by Ooredoo International Finance Limited (the “Issuer”)

The Issuer a wholly owned subsidiary of Ooredoo Q.P.S.C hereby gives notice that pursuant to the Terms and Conditions of the Notes and the Final Terms, it will pay Noteholders U.S. 9,375,000.00 on the Interest Payment Date falling due on 22 June 2023.

————————————————————————-

Terms defined in this Notice shall have the meaning given to them in the Terms and Conditions of the Notes and the Final Terms.

This Notice is given by Ooredoo International Finance Limited.

-Ends-

About Ooredoo

Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.

Twitter: @OoredooQatar

Facebook: https://www.facebook.com/ooredooqatar/

LinkedIn: https://www.linkedin.com/company/ooredooQatar

YouTube: https://www.youtube.com/user/OoredooQatar

Website: www.ooredoo.qa

The post Ooredoo Announces Date to Pay Interest to Bondholders first appeared on Ooredoo corporate.

Leading international communications company Ooredoo announced a strategic agreement with Axon, a global leader in connected public safety technologies.

With this partnership, Ooredoo, leading provider of Internet of Things (IoT) managed connectivity and solutions to customers across its global footprint, will be Axon’s preferred connectivity provider in Middle East and North Africa, covering Algeria, Tunisia, Jordan, Kuwait, Qatar, Oman, Iraq and Bahrain.

Axon, headquartered in Scottsdale, Arizona, leverages a suite of connected devices and software solutions for public safety. Axon’s network includes TASER energy devices, body-worn cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.

Sheikh Mohammed Bin Abdulla Al Thani, Deputy Group Chief Executive Officer at Ooredoo Group, said: “We are proud to associate with Axon, as a world leader in its sector, and  first of what we hope will be many partnerships to help us achieve the strategic goal of growing in international IoT managed connectivity market.  In partnering with Axon to provide state-of-the-art IoT managed connectivity to leading international players, we clearly demonstrate our commitment to digital transformation, to investment in innovation, and to offering our customers the best products, services and technologies – enabling them to upgrade their worlds.”

Ooredoo stands to consolidate and build on its profile as leading IoT managed connectivity provider reinforced across the region.

The Group’s customers – including some of the world’s largest manufacturers of connected products – will benefit from the best IoT managed connectivity in the region, with full local support and single points of contact. End-to-end customers will also experience enhanced services.

Ooredoo Group operating companies in Qatar, Kuwait, Algeria, Tunisia, Iraq and Oman will feature in the partnership, which will take shape via a phased roll-out.

 – Ends –

About Ooredoo

Ooredoo is an international communications company operating across the Middle East, North Africa, and Southeast Asia. Serving consumers and businesses in ten countries, Ooredoo delivers leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of QAR 23 billion as of 31 December 2022. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

About Axon

Axon is a technology leader in global public safety. Our moonshot goal is to cut gun-related deaths between police and the public by 50% before 2033.

Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing.

Axon’s suite includes TASER energy devices, body-worn cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.

Axon’s growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, commercial enterprises and consumers.

The post Ooredoo – Axon Partnership: Telco Customers to Benefit from Upgraded Internet of Things Managed Connectivity first appeared on Ooredoo corporate.

Highlights:

• Revenue grew 2% to QAR 5.6 billion in Q1 2023, compared to QAR 5.5 billion in Q1 2022 driven by mobile data, fixed B2B, wholesale and handsets 

• EBITDA increased 3% to reach QAR 2.4 billion, with an accompanying EBITDA margin of 43% supported by top-line growth and a one-off tower gain in Q1 2023 of QAR 56 million reported in IOH. EBITDA normalised for the IOH one-off gain.
• CAPEX for the quarter stood at QAR 396 million                          

• Free Cash Flow increased 3% to reach QAR 2.0 billion driven by EBITDA growth.
• Delivered Net Profit for the quarter of QAR 961 million compared to QAR 671 million in Q1 2022. Normalized Net Profit was QAR 795 million compared to QAR 689 million in Q1 2022, normalized for the foreign exchange impact, impairment of goodwill and two one-off items (QAR 446 million NMTC legal case gain and QAR 56 million gains from Indonesian tower sales)

• Total Customer base stood at 56.5 million, with solid customer additions across all operations except for Myanmar which was affected by the introduction of new SIM card taxes

Operational highlights:

• In Kuwait, the court ruled in the number range case related to recovery of excess regulatory tariffs. It ordered a payment of KWD 43.8 million (~QAR 510 million) to NMTC, which is 92% owned by Ooredoo QPSC.
• Ooredoo Qatar launched Microsoft teams as a service for its business customers and announced the upcoming readiness of the innovative technology Fibre to the Room (FTTR), a new solution for home internet customers
• Bassam Al Ibrahim joined Ooredoo Oman as CEO effective 1 March 2023. He was previously CEO of Ooredoo Algeria
• Ooredoo Oman received the “Most Trusted Brand 2022” award by Apex media
• Asiacell received approval to use additional 5 MHz in the 2,100 MHz spectrum as of January 2023. The operation also launched a few initiatives such as a new loyalty program, launch of eSIM and Ramadan offers to enhance its focus on customer experience and retention efforts

Commenting on the results, HE Sheikh Faisal Bin Thani Al Thani, Chairman of Ooredoo, said:

“Ooredoo Group closed the first quarter of 2023 with outstanding results, boasting a revenue of QAR 5.6 billion and a remarkable increase in normalised net profit. This success bears testament to our commitment to deliver robust connectivity, exceptional customer experiences, and maximizing stakeholder value.

Our digital transformation strategy has been instrumental in our success, enabling us to effectively capitalize on market opportunities and position ourselves well for further growth. Our ability to remain agile and adapt to the rapidly changing nature of the markets in which we operate, positions us well for sustained progress and strong returns.

We are pleased to report that the recommendation by the BoD to distribute a cash dividend of QAR 0.43 per share has been approved by our shareholders during the AGM held on 7 March 2023.

Looking ahead, we will continue to explore strategic options that will unlock significant capital and maximize stakeholder value.”

Also commenting on the results, Aziz Aluthman Fakhroo, Managing Director of Ooredoo said:

“I am delighted that our reported revenue has seen a healthy growth of 2%, reaching QAR 5.6 billion. Our EBITDA margin improved by one percentage point to reach 43% which continues to demonstrate the solid operational execution as well as the dedication and hard work of all our employees, amidst many challenges. Our normalised Net Profit saw a noteworthy expansion of 15%. Through the quarter, we have remained committed to delivering outstanding customer experiences, which truly reflects our Company’s unwavering dedication to excellence.

In Q1 2023, Qatar, our primary market, has once again demonstrated its excellence as a leading telecommunications and ICT provider. Ooredoo Qatar achieved a 3% increase in revenue, reaching QAR 1.9 billion. The Revenue uptick can be attributed to B2B fixed services, Ooredoo tv, Ooredoo Financial Services and handset sales.

Ooredoo Oman has delivered a 2% increase in Revenue in Q1 2023 backed by postpaid services, wholesale revenues, and devices. We are delighted to announce the appointment of Bassam Al Ibrahim as the new CEO of Ooredoo Oman, effective from 1 March 2023.”

Ooredoo Kuwait delivered a 2% YoY Revenue expansion.

Asiacell reported a considerable 6% Revenue surge YoY while Ooredoo Maldives Revenue climbed by 5% YoY.

Operational Review

Middle East

Ooredoo Qatar

Ooredoo Qatar started of the quarter well and is setting the scene for a successful year, recording a YoY increase of 3% in Revenue to QAR 1.9 billion in Q1 2023. This was driven by growth in B2B fixed services, Ooredoo tv, Ooredoo Financial Services and handset sales. EBITDA improved by 1% YoY with a healthy margin of 51%.

Ooredoo Qatar customer base stood at 3.4 million, up by 6% YoY with a slight decline of 250 thousand customers compared to Q4 2022, as anticipated after the World Cup.

Overall, Ooredoo Qatar kicked off the year with several transformations to its services, a first in Qatar. It launched Microsoft teams as a new service for its business customers and announced the upcoming readiness of innovative technology Fibre to the Room (FTTR), a new revolutionary solution for home internet customers. Most recently, during the holy month of Ramadan, Ooredoo launched a few CSR activities under its campaign ‘Connecting and Giving.’

Ooredoo Oman

Ooredoo Oman’s Revenue amounted to QAR 624 million representing an increase of 2% YoY, driven by postpaid services, wholesale revenues, and devices. EBITDA for the period decreased by 8% YoY to QAR 294 million, impacted by lower margin.

Ooredoo Oman’s customer base increased to 3.0 million representing a 7% growth YoY.

Ooredoo Oman received the “Most Trusted Brand 2022” award by Apex media, demonstrating Ooredoo’s Oman’s customer-centric focus bearing testament to operation’s commitment to meet the evolving needs of its customers by offering both highly digitized and personalised experiences.

Roll out of 5G continued, with 5G population coverage reaching almost 40%.

Ooredoo Kuwait

Ooredoo Kuwait increased Q1 2023 revenue to QAR 709 million with a growth of 2% YoY. Additionally, the Company recorded a 16% increase in EBITDA YoY, with the EBITDA margin reaching 32%. This solid performance is backed by the growth in revenue and effective cost management.

The case regarding number range has been resolved, with the court ruling in favor of NMTC. As a result, a total of KWD 43.8 million (~QAR 510 million) has been paid to NMTC, which is 92% owned by Ooredoo QPSC.

The customer base has grown 8% YoY, reaching a total of 2.8 million. This increase has benefited from the favorable macroeconomic conditions brought about by stable oil prices and export revenues

Ooredoo Kuwait have achieved several notable accomplishments. The Company has been recognized for providing the “Best Customer Experience in the Telecom Industry for the Year 2022” by the Future Foundation Awards.

Additionally, Ooredoo Kuwait has become the first operator in the Kuwaiti market to launch Google Pay. The Company has also completed a trial for “Advanced 5G,” demonstrating its readiness for a future launch of this technology.

Asiacell – Iraq

In Iraq two key decisions were implemented by Government, namely the removal of the 20% VAT on any recharge and the strengthening of the official exchange rate.

Asiacell reported solid Revenue growth of 6% YoY in Q1 2023, reaching a total of QAR 938 million with an increase in EBITDA of 10% YoY due to growth from B2C and B2B revenue.

Customer base delivered a solid increase of 6% in Q1 2023 to reach 17.0 million customers due to an enhanced focus on the customer experience and retention efforts through launching new initiatives such as a new loyalty program, launch of eSIM and Ramadan offers.

Iraq successfully hosted the “Gulf” football tournament (Khaliji Cup), which brought about an increase in inbound roamers & data traffic for Asiacell.

Ooredoo Palestine

Ooredoo Palestine reported total revenue of QAR 101 million in Q1 2023, a 4% decrease YoY. The decrease is attributable to the local currency depreciation (10%) against US dollar (reporting currency).

EBITDA for the period increased 2% YoY to QAR 41 million. The increase was driven by disciplined cost control leading to a strong EBITDA margin of 40%.

The customer base grew by 33 thousand and reached 1.4 million, bringing about a YoY increase of 2%.

Ooredoo Palestine launched numerous promotions and offers in the first quarter of 2023, among them the launch of the new post-paid product “Family Plan”.

North Africa

Ooredoo Algeria

Ooredoo Algeria ended Q1 2023 with a solid EBITDA margin of 39% reflecting management’s focus on cost control measures. Strong appreciation of the Algerian Dinar helped deliver 5% higher revenue YoY.

Ooredoo Algeria delivered a growth of 1% YoY in its customer base to reach 13.0 million customers in Q1 2023 primarily driven by B2C prepaid.

Ooredoo Algeria has additionally rolled out new 4G sites offering additional capacity on 4G network, maintaining high positions in the Data Network Performance benchmarks.

Ooredoo Tunisia

Ooredoo Tunisia revenues came in at QAR 344 million in Q1 2023, compared to QAR 380 million in Q1 2022 representing a 9% drop YoY driven by a soft economic environment with reduced customer purchasing power. The Tunisian dinar depreciated 6%, in local currency terms Revenue dropped 3%.

EBITDA was down by 39% in Q1 2023 impacted by pressure on top line and an increase in provisions for doubtful receivables. Tunisian customer base increased by 2% YoY to reach 7.1 million in Q1 2023.

Ooredoo Tunisia is becoming more competitive in fiber because of its targeted strategy that has allowed it to win major projects, particularly in the private sector. The fiber rollout continues to make timely progress.

Asia

Indosat Ooredoo Hutchison (IOH)

It has been a year since the merger between Indosat Ooredoo and 3 Indonesia took place, officially forming Indosat Ooredoo Hutchison (IOH) on January 4th, 2022. This strategic partnership has been a tremendous success, resulting in IOH being recognized as a joint venture, rather than a subsidiary. As a result, Ooredoo Group now only recognizes a 33% contribution to its EBITDA from IOH’s profits. IOH’s performance has exceeded all expectations, delivering results even better than originally planned.

IOH reported their Q1 2023 results on 28 April 2023. In local currency, the operation delivered solid results with double-digit revenue growth of 10%, EBITDA up by 19% with an accompanying EBITDA margin of 50%, demonstrating a healthy operating leverage. The customers base stood at 98.5 million for the quarter.

Ooredoo Maldives

Ooredoo Maldives concluded Q1 2023 with a Revenue of QAR 121 million, an increase of 5% YoY. Revenue growth was supported by mobile, fixed and roaming.

During Q1 2023, EBITDA rose by 6% YoY to QAR 67 million, driven by higher revenue and effective cost control, resulting in solid EBITDA margin of 55%.

During the period, Ooredoo Maldives achieved several milestones particularly contributing to its digitalization efforts. Ooredoo Maldives partnered with Microsoft to enable business to take advantage of innovative technology and software solutions and launched a multi-location secure connectivity solution for businesses. Additionally, Ooredoo Maldives launched several exciting software and promotions during the holy month of Ramadan.

Ooredoo Myanmar

Despite the challenging business environment characterized by the ongoing shutdown of internet services in Upper Myanmar, high inflation rates and high electricity outages, Ooredoo Myanmar demonstrated resilience and achieved a 2% revenue growth YoY in local currency. The expansion was primarily fueled by the performance of the mobile revenue segment encompassing voice and data services, which was accomplished despite the unfavorable trading conditions.

In September 2022, Ooredoo Group announced the sale of its telecom business in Myanmar to Nine Communications Pte. Ltd at an enterprise value of USD 576 million and total equity consideration of USD 162 million. This transaction is an important milestone in line with the Group’s strategic decisions to focus on markets where Ooredoo is leading. The sale is subject to customary closing conditions, including ongoing regulatory approvals in Myanmar. 

For further information:

Email: IR@ooredoo.com

Follow us on Twitter: @OoredooIR

– Ends –

About Ooredoo

Ooredoo is an international communications Company operating across the Middle East, North Africa, and Southeast Asia. It serves consumers and businesses in ten countries, delivering Ooredoo a broad range of content and services through its advanced, data-centric mobile and fixed networks.

As of 31 December 2022, Ooredoo generated revenues of QAR 23 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

The post Ooredoo Group Q1 2023 Revenue rose 2% to QAR 5.6 billion Reported EBITDA up 3% with a healthy 43% EBITDA margin first appeared on Ooredoo corporate.

Highlights: 

• Revenue grew 2% to QAR 5.6 billion in Q1 2023, compared to QAR 5.5 billion in Q1 2022 driven by mobile data, fixed B2B, wholesale and handsets.

• EBITDA increased 3% to reach QAR 2.4 billion, with an accompanying EBITDA margin of 43% supported by top-line growth and a one-off tower gain in Q1 2023 of QAR 56 million reported in IOH. EBITDA normalised for the IOH one-off gain.

• CAPEX for the quarter stood at QAR 396 million.                                  

• Free Cash Flow increased 3% to reach QAR 2.0 billion driven by EBITDA growth.

• Delivered Net Profit for the quarter of QAR 961 million compared to QAR 671 million in Q1 2022. Normalized Net Profit was QAR 795 million compared to QAR 689 million in Q1 2022, normalized for the foreign exchange impact, impairment of goodwill and two one-off items (QAR 446 million NMTC legal case gain and QAR 56 million gains from Indonesian tower sales). 

• Total Customer base stood at 56.5 million, with solid customer additions across all operations except for Myanmar which was affected by the introduction of new SIM card taxes.

Operational highlights:

• In Kuwait, the court ruled in the number range case related to recovery of excess regulatory tariffs. It ordered a payment of KWD 43.8 million (~QAR 510 million) to NMTC, which is 92% owned by Ooredoo QPSC.

• Ooredoo Qatar launched Microsoft teams as a service for its business customers and announced the upcoming readiness of the innovative technology Fibre to the Room (FTTR), a new solution for home internet customers.

• Bassam Al Ibrahim joined Ooredoo Oman as CEO effective 1 March 2023. He was previously CEO of Ooredoo Algeria.

• Ooredoo Oman received the “Most Trusted Brand 2022” award by Apex media.

• Asiacell received approval to use additional 5 MHz in the 2,100 MHz spectrum as of January 2023. The operation also launched a few initiatives such as a new loyalty program, launch of eSIM and Ramadan offers to enhance its focus on customer experience and retention efforts.

Commenting on the results, HE Sheikh Faisal Bin Thani Al Thani, Chairman of Ooredoo, said:

“Ooredoo Group closed the first quarter of 2023 with outstanding results, boasting a revenue of QAR 5.6 billion and a remarkable increase in normalised net profit. This success bears testament to our commitment to deliver robust connectivity, exceptional customer experiences, and maximizing stakeholder value.

Our digital transformation strategy has been instrumental in our success, enabling us to effectively capitalize on market opportunities and position ourselves well for further growth. Our ability to remain agile and adapt to the rapidly changing nature of the markets in which we operate, positions us well for sustained progress and strong returns.

We are pleased to report that the recommendation by the BoD to distribute a cash dividend of QAR 0.43 per share has been approved by our shareholders during the AGM held on 7 March 2023.

Looking ahead, we will continue to explore strategic options that will unlock significant capital and maximize stakeholder value.”

Also commenting on the results, Aziz Aluthman Fakhroo, Managing Director of Ooredoo said:

“I am delighted that our reported revenue has seen a healthy growth of 2%, reaching QAR 5.6 billion. Our EBITDA margin improved by one percentage point to reach 43% which continues to demonstrate the solid operational execution as well as the dedication and hard work of all our employees, amidst many challenges. Our normalised Net Profit saw a noteworthy expansion of 15%. Through the quarter, we have remained committed to delivering outstanding customer experiences, which truly reflects our Company’s unwavering dedication to excellence.

In Q1 2023, Qatar, our primary market, has once again demonstrated its excellence as a leading telecommunications and ICT provider. Ooredoo Qatar achieved a 3% increase in revenue, reaching QAR 1.9 billion. The Revenue uptick can be attributed to B2B fixed services, Ooredoo tv, Ooredoo Financial Services and handset sales.

Ooredoo Oman has delivered a 2% increase in Revenue in Q1 2023 backed by postpaid services, wholesale revenues, and devices. We are delighted to announce the appointment of Bassam Al Ibrahim as the new CEO of Ooredoo Oman, effective from 1 March 2023.”

Ooredoo Kuwait delivered a 2% YoY Revenue expansion.

Asiacell reported a considerable 6% Revenue surge YoY while Ooredoo Maldives Revenue climbed by 5% YoY.

Operational Review

Middle East

Ooredoo Qatar

Ooredoo Qatar started of the quarter well and is setting the scene for a successful year, recording a YoY increase of 3% in Revenue to QAR 1.9 billion in Q1 2023. This was driven by growth in B2B fixed services, Ooredoo tv, Ooredoo Financial Services and handset sales. EBITDA improved by 1% YoY with a healthy margin of 51%.

Ooredoo Qatar customer base stood at 3.4 million, up by 6% YoY with a slight decline of 250 thousand customers compared to Q4 2022, as anticipated after the World Cup.

Overall, Ooredoo Qatar kicked off the year with several transformations to its services, a first in Qatar. It launched Microsoft teams as a new service for its business customers and announced the upcoming readiness of innovative technology Fibre to the Room (FTTR), a new revolutionary solution for home internet customers. Most recently, during the holy month of Ramadan, Ooredoo launched a few CSR activities under its campaign ‘Connecting and Giving.’

Ooredoo Oman

Ooredoo Oman’s Revenue amounted to QAR 624 million representing an increase of 2% YoY, driven by postpaid services, wholesale revenues, and devices. EBITDA for the period decreased by 8% YoY to QAR 294 million, impacted by lower margin.

Ooredoo Oman’s customer base increased to 3.0 million representing a 7% growth YoY.

Ooredoo Oman received the “Most Trusted Brand 2022” award by Apex media, demonstrating Ooredoo’s Oman’s customer-centric focus bearing testament to operation’s commitment to meet the evolving needs of its customers by offering both highly digitized and personalised experiences.

Roll out of 5G continued, with 5G population coverage reaching almost 40%.

Ooredoo Kuwait

Ooredoo Kuwait increased Q1 2023 revenue to QAR 709 million with a growth of 2% YoY. Additionally, the Company recorded a 16% increase in EBITDA YoY, with the EBITDA margin reaching 32%. This solid performance is backed by the growth in revenue and effective cost management.

The case regarding number range has been resolved, with the court ruling in favor of NMTC. As a result, a total of KWD 43.8 million (~QAR 510 million) has been paid to NMTC, which is 92% owned by Ooredoo QPSC.

The customer base has grown 8% YoY, reaching a total of 2.8 million. This increase has benefited from the favorable macroeconomic conditions brought about by stable oil prices and export revenues.

Ooredoo Kuwait have achieved several notable accomplishments. The Company has been recognized for providing the “Best Customer Experience in the Telecom Industry for the Year 2022” by the Future Foundation Awards.

Additionally, Ooredoo Kuwait has become the first operator in the Kuwaiti market to launch Google Pay. The Company has also completed a trial for “Advanced 5G,” demonstrating its readiness for a future launch of this technology.

Asiacell – Iraq

In Iraq two key decisions were implemented by Government, namely the removal of the 20% VAT on any recharge and the strengthening of the official exchange rate.

Asiacell reported solid Revenue growth of 6% YoY in Q1 2023, reaching a total of QAR 938 million with an increase in EBITDA of 10% YoY due to growth from B2C and B2B revenue.

Customer base delivered a solid increase of 6% in Q1 2023 to reach 17.0 million customers due to an enhanced focus on the customer experience and retention efforts through launching new initiatives such as a new loyalty program, launch of eSIM and Ramadan offers.

Iraq successfully hosted the “Gulf” football tournament (Khaliji Cup), which brought about an increase in inbound roamers & data traffic for Asiacell.

Ooredoo Palestine

Ooredoo Palestine reported total revenue of QAR 101 million in Q1 2023, a 4% decrease YoY. The decrease is attributable to the local currency depreciation (10%) against US dollar (reporting currency).

EBITDA for the period increased 2% YoY to QAR 41 million. The increase was driven by disciplined cost control leading to a strong EBITDA margin of 40%.

The customer base grew by 33 thousand and reached 1.4 million, bringing about a YoY increase of 2%.

Ooredoo Palestine launched numerous promotions and offers in the first quarter of 2023, among them the launch of the new post-paid product “Family Plan”.

North Africa

 Ooredoo Algeria

Ooredoo Algeria ended Q1 2023 with a solid EBITDA margin of 39% reflecting management’s focus on cost control measures. Strong appreciation of the Algerian Dinar helped deliver 5% higher revenue YoY.

Ooredoo Algeria delivered a growth of 1% YoY in its customer base to reach 13.0 million customers in Q1 2023 primarily driven by B2C prepaid.

Ooredoo Algeria has additionally rolled out new 4G sites offering additional capacity on 4G network, maintaining high positions in the Data Network Performance benchmarks.

 Ooredoo Tunisia

Ooredoo Tunisia revenues came in at QAR 344 million in Q1 2023, compared to QAR 380 million in Q1 2022 representing a 9% drop YoY driven by a soft economic environment with reduced customer purchasing power. The Tunisian dinar depreciated 6%, in local currency terms Revenue dropped 3%.

EBITDA was down by 39% in Q1 2023 impacted by pressure on top line and an increase in provisions for doubtful receivables. Tunisian customer base increased by 2% YoY to reach 7.1 million in Q1 2023.

Ooredoo Tunisia is becoming more competitive in fiber because of its targeted strategy that has allowed it to win major projects, particularly in the private sector. The fiber rollout continues to make timely progress.

Asia

Indosat Ooredoo Hutchison (IOH)

It has been a year since the merger between Indosat Ooredoo and 3 Indonesia took place, officially forming Indosat Ooredoo Hutchison (IOH) on January 4th, 2022. This strategic partnership has been a tremendous success, resulting in IOH being recognized as a joint venture, rather than a subsidiary. As a result, Ooredoo Group now only recognizes a 33% contribution to its EBITDA from IOH’s profits. IOH’s performance has exceeded all expectations, delivering results even better than originally planned.

IOH reported their Q1 2023 results on 28 April 2023. In local currency, the operation delivered solid results with double-digit revenue growth of 10%, EBITDA up by 19% with an accompanying EBITDA margin of 50%, demonstrating a healthy operating leverage. The customers base stood at 98.5 million for the quarter.

Ooredoo Maldives

Ooredoo Maldives concluded Q1 2023 with a Revenue of QAR 121 million, an increase of 5% YoY. Revenue growth was supported by mobile, fixed and roaming.

During Q1 2023, EBITDA rose by 6% YoY to QAR 67 million, driven by higher revenue and effective cost control, resulting in solid EBITDA margin of 55%.

During the period, Ooredoo Maldives achieved several milestones particularly contributing to its digitalization efforts. Ooredoo Maldives partnered with Microsoft to enable business to take advantage of innovative technology and software solutions and launched a multi-location secure connectivity solution for businesses. Additionally, Ooredoo Maldives launched several exciting software and promotions during the holy month of Ramadan.

Ooredoo Myanmar

Despite the challenging business environment characterized by the ongoing shutdown of internet services in Upper Myanmar, high inflation rates and high electricity outages, Ooredoo Myanmar demonstrated resilience and achieved a 2% revenue growth YoY in local currency. The expansion was primarily fueled by the performance of the mobile revenue segment encompassing voice and data services, which was accomplished despite the unfavorable trading conditions.

In September 2022, Ooredoo Group announced the sale of its telecom business in Myanmar to Nine Communications Pte. Ltd at an enterprise value of USD 576 million and total equity consideration of USD 162 million. This transaction is an important milestone in line with the Group’s strategic decisions to focus on markets where Ooredoo is leading. The sale is subject to customary closing conditions, including ongoing regulatory approvals in Myanmar.

For further information:

Email: IR@ooredoo.com

Follow us on Twitter: @OoredooIR

 – Ends –

About Ooredoo

Ooredoo is an international communications Company operating across the Middle East, North Africa, and Southeast Asia. It serves consumers and businesses in ten countries, delivering Ooredoo a broad range of content and services through its advanced, data-centric mobile and fixed networks.

As of 31 December 2022, Ooredoo generated revenues of QAR 23 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

The post Ooredoo Group Q1 2023 Revenue rose 2% to QAR 5.6 billion Reported EBITDA up 3% with a healthy 43% EBITDA margin first appeared on Ooredoo corporate.

Ooredoo Group announces its intention to disclose its First Quarter (Q1) 2023 financial results on Wednesday, May 3, 2023. A conference call has been scheduled for Thursday, 04 May 2023 and the related presentation will be published on the Company’s website on the same day:

Investor Call

Wednesday, 04 May 2023 Time: 14:00 Doha | 15:00 UAE | 12:00 UK | 07:00 NYC

Registration is required here: http://ore.do/call

Conference call registration details are also available on the Ooredoo Group Investor Relations website: http://ooredoo.com/en/investors

Note: Email providers are constantly changing their email classification methods, which may cause important emails to be directed to your spam or bulk email folder. Please ensure that you check your calendar to see if the invite has been added there. If not, add the sender’s email address (ir@ooredoo.com) to your approved sender list, also known as your whitelist.

-End-

About Ooredoo

Ooredoo is an international communications Company operating across the Middle East, North Africa, and Southeast Asia. It serves consumers and businesses in ten countries, delivering Ooredoo a broad range of content and services through its advanced, data-centric mobile and fixed networks.

As of 31 December 2022, Ooredoo generated revenues of QAR 23 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

Twitter: @OoredooQatar

Facebook: https://www.facebook.com/ooredooqatar/

LinkedIn: https://www.linkedin.com/company/ooredooQatar

YouTube: https://www.youtube.com/user/OoredooQatar

Website: www.ooredoo.qa

The post Ooredoo Group to Disclose its Q1 2023 Financial Results on 03 May, Investor Call on 04 May 2023 first appeared on Ooredoo corporate.

Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announces that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 19 April 2023.

Below is the announcement in full:

————————————————————————-

U.S. $750,000,000 @ 5.00 per cent. Guaranteed Notes due 19 October 2025

(ISIN Code: 144 A- US74733LAE20, Reg S – XS0551307100)

(the “Notes”)

Issued by Ooredoo International Finance Limited (the “Issuer”)

The Issuer a wholly owned subsidiary of Ooredoo Q.P.S.C hereby gives notice that pursuant to the Terms and Conditions of the Notes and the Final Terms, it will pay Noteholders U.S. 18,750,000.00 on the Interest Payment Date falling due on 19 April 2023.

————————————————————————-

Terms defined in this Notice shall have the meaning given to them in the Terms and Conditions of the Notes and the Final Terms.

This Notice is given by Ooredoo International Finance Limited.

-Ends-

About Ooredoo

Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.

Twitter: @OoredooQatar

Facebook: https://www.facebook.com/ooredooqatar/

LinkedIn: https://www.linkedin.com/company/ooredooQatar

YouTube: https://www.youtube.com/user/OoredooQatar

Website: www.ooredoo.qa

The post Ooredoo Announces Date to Pay Interest to Bondholders first appeared on Ooredoo corporate.

Ooredoo Group companies across global footprint have launched a wide range of activities and initiatives for the Holy Month of Ramadan 2023, all aimed at supporting the communities in which the Group operates.

Sheikh Mohammed Bin Abdulla Al Thani, Deputy Group Chief Executive Officer, at Ooredoo Group said: “Our annual Ramadan CSR campaigns are an integral element of our CSR strategy across our companies, and one of the key ways in which we seek opportunities to offer support. As a leading techco with the capacity to upgrade our customers’ worlds, we take our responsibility to our communities very seriously, and are committed to supporting the communities we serve and making a positive impact in their lives through the many valuable initiatives successfully rolled out across our network.”

Ooredoo Qatar, the Group’s base country, is conducting its annual programme of initiatives under the theme ‘Connecting and Giving’.  As part of this year’s campaign, Ooredoo has partnered with local NGOs and will be hosting a wide range of events in Msheireb Downtown, Lusail Shooting Range and Lusail Sports Club stadiums. The activities will include the Garangao Kids Fashion Show, the Classic Car Parade, tram activations, the weekly Msahar, Rafeeq Al Khair, Nishan Tournament, Ooredoo League for the Children of Al Freij and the Meshkat Holy Quran competition.

Ooredoo Palestine’s campaign is operating under the theme ‘Spreading Happiness in the Holy Month’ and features a number of initiatives aimed at spreading prosperity, including providing support for three orphanages in Jerusalem, the West Bank and Gaza; participation in Ramadan exhibitions; and participation in community activities such as distribution of dates and water at iftar.

A partnership with the Algerian Red Crescent sees Ooredoo Algeria undertaking several projects including the opening of ‘El Hilal’ restaurants to enable those fasting to break their fast, and the distribution of food essentials to those in need throughout several provinces in the country. A large campaign to distribute food to the vulnerable and needy in 20 provinces is being enabled by a similar partnership with the National Association for Volunteer Work.

Indosat Ooredoo Hutchison’s Ramadan campaign is under the theme ‘One Togetherness’ and features a wide range of activities and initiatives. To continue support for ‘marbots’ – known as ‘mosque keepers’ in Indonesia – Indosat is inviting customers to redeem loyalty points for donation packages being distributed to almost 1,500 marbots across hundreds of mosques in the country.

Ooredoo Maldives is utilising its digital capabilities to make it easy for customers to fulfil their religious obligations in Ramadan. Customers will be able to make Zakat payments to the Islamic Ministry via m-Faisaa on the Ooredoo App, as well as donate iftar packs containing food essentials to migrant workers in the Greater Male area. Ooredoo Maldives has also partnered with Maldives Islamic Affairs to host community iftars every Friday during Ramadan, as well as with MOM’s NGO to distribute essential ‘Care Baskets’ containing basic food staples to families in need.

Ooredoo Tunisia is holding the second edition of its sporting, social and cultural event, the ‘Ooredoo Night Run’. Similar to last year, the company has renewed its commitment to children with cancer, and all benefits of registration for this event will be donated to the pediatric unit of Saleh Aziz hospital. The event also includes a community health initiative whereby Ooredoo’s Mobile Clinic will offer free consultations with volunteer doctors and raise awareness of the importance of maintaining a healthy, active lifestyle. The environment will also be a focus of the event via a partnership with recycling start-up Colibri, which will see volunteers cleaning up and raising awareness of the importance of recycling waste.

Ooredoo Tunisia is also running a programme distributing water and dates at road tolls, to enable travellers to break their fast at iftar.

Ooredoo Oman has kicked off its 19^th Goodwill Journey, one of the company’s most impactful and sustainable community-based initiatives, to make a difference during the Holy Month. The initiative will see volunteers journey to various regions across Oman to support vulnerable communities. Ooredoo Oman has also launched a special package for customers planning to perform Umrah, as one of many Ramadan offers to share the value of ‘Caring’.

In collaboration with Rahma International Charity, Ooredoo Kuwait’s Ramadan initiative aims to improve quality of life for minorities by distributing iftar meals in various locations around the country. Visits to children’s hospitals to distribute treats for Garangao are also planned. An initiative with KISWA will enable customers to donate unwanted clothes via donation boxes at Ooredoo’s HQ in Kuwait City, as well as at some schools, which will then be donated to those in need.

Sheikh Mohammed at Ooredoo Group concluded: “Ramadan is not just a month of fasting and prayer, but a time for us to reflect on the values of compassion, generosity and community. We are proud that this year’s Ramadan campaigns once again encompass a wide range of activities and initiatives designed to support as many sectors of our communities as possible. We extend our gratitude to our many partners who work with us, enabling the success of our campaigns, and wish everyone across our global footprint a peaceful and blessed Holy Month.”

-ENDS-

About Ooredoo

Ooredoo is an international ICT provider operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in nine countries, Ooredoo delivers a leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of QAR 23 billion as of 31 December 2022. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

The post Ooredoo Group Companies Upgrade Worlds Across Global Footprint with Ramadan Initiatives first appeared on Ooredoo corporate.

Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announces that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 10 April 2023.

Below is the announcement in full:

————————————————————————-

U.S. $1,000,000,000 @ 2.625 per cent. Guaranteed Notes due 8 April 2031

(ISIN Code: 144 A- US74735KAA07, Reg S – XS2311299957)

(the “Notes”)

Issued by Ooredoo International Finance Limited (the “Issuer”)

The Issuer a wholly owned subsidiary of Ooredoo Q.P.S.C hereby gives notice that pursuant to the Terms and Conditions of the Notes and the Final Terms, it will pay Noteholders U.S. 13,125,000.00 on the Interest Payment Date falling due on 10 April 2023.

————————————————————————-

Terms defined in this Notice shall have the meaning given to them in the Terms and Conditions of the Notes and the Final Terms.

This Notice is given by Ooredoo International Finance Limited.

-Ends-

About Ooredoo

Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.

Twitter: @OoredooQatar

Facebook: https://www.facebook.com/ooredooqatar/

LinkedIn: https://www.linkedin.com/company/ooredooQatar

YouTube: https://www.youtube.com/user/OoredooQatar

Website: www.ooredoo.qa

The post Ooredoo Announces Date to Pay Interest to Bondholders first appeared on Ooredoo corporate.

Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announces that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 10 April 2023.

Below is the announcement in full:

————————————————————————-

U.S. $1,000,000,000 @ 2.625 per cent. Guaranteed Notes due 8 April 2031

(ISIN Code: 144 A- US74735KAA07, Reg S – XS2311299957)

(the “Notes”)

Issued by Ooredoo International Finance Limited (the “Issuer”)

The Issuer a wholly owned subsidiary of Ooredoo Q.P.S.C hereby gives notice that pursuant to the Terms and Conditions of the Notes and the Final Terms, it will pay Noteholders U.S. 13,125,000.00 on the Interest Payment Date falling due on 10 April 2023.

————————————————————————-

Terms defined in this Notice shall have the meaning given to them in the Terms and Conditions of the Notes and the Final Terms.

This Notice is given by Ooredoo International Finance Limited.

-Ends-

About Ooredoo

Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.

Twitter: @OoredooQatar

Facebook: https://www.facebook.com/ooredooqatar/

LinkedIn: https://www.linkedin.com/company/ooredooQatar

YouTube: https://www.youtube.com/user/OoredooQatar

Website: www.ooredoo.qa

The post Ooredoo Announces Date to Pay Interest to Bondholders first appeared on Ooredoo corporate.