Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Ooredoo to unveil 'surprise' plans soon  Join our daily free Newsletter

MENAFN - The Peninsula - 31/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Telecom giant Ooredoo is gearing up to launch big service packages within a couple of months which are expected to surprise everybody, said Ooredoo Qatar Chief Executive Officer Sheikh Saud bin Nasser Al Thani yesterday.



"Our new service packages which we are expecting to announce within next two months will surprise everybody," he said. However, he did not provide any further details about the product



Sheikh Saud, while speaking with The Peninsula on the sidelines of the company's Annual General Assembly Meeting, said: "We are expanding our capacity to further enhance the quality of our services across the country, and working on the completion of the remaining 400 sites (500 sites already completed) with 4G networks. In addition, we have some big projects going on in 2014 such as the national rollout of fibre-to-the-home (FTTH) high-speed broadband network infrastructure.



The AGM approved the recommendation of the board of directors to distribute a cash dividend of 40 percent of the nominal share value (QR4 per share). In addition, shareholders elected Ibrahim Abdulla Al Mahmoud to fill the vacant position on the board.



Sheikh Abdullah bin Mohammed bin Saud Al Thani, Chairman, Ooredoo, highlighted some of the achievements of the last financial year, including the global launch of the Ooredoo brand, and subsequent national launches in markets such as Qatar, Algeria and the Maldives. Sheikh Abdullah said: "Transforming our company into Ooredoo was always about much more than simply changing our name. The transformation process was about taking our company to the next level - bringing our strategy to life with a new, dynamic brand and leveraging our combined resources to transform our customer offering."



Asked if call tariffs and data charges are likely to come down in the days to come, Sheikh Saud said: "Although our rates are the lowest in the region, but we are continuing to strive for providing better deals, especially on international calls, and expecting to launch new products soon.



On the rising level of competition faced by Ooredoo from Vodafone, its only rival in the local market, he said: "Given our competitive prices and high quality of services both in the GSM and landline category, Ooredoo still has comparative advantage in many respects, which include wide network coverage and infrastructure."



Dr Nasser Marafih, Group CEO of Ooredoo, said: "Corporate sector (B2B), which accounts a significant portion of our revenue, will continue to remain as one of the most important areas of business focus. Given Qatar's efforts to become a knowledge-based society, there is a high growth potential in the corporate area, and as the chairman mentioned in his speech, we are building dedicated teams to focus on the segment.



Asked about Myanmar's business strategy, Ooredoo's latest overseas market, Marafih said: "The strategy would be similar to any other 'green field' market where (mobile) penetration is very low. Since in case of Myanmar it is less than 10 percent, we will try to grab as much market share as possible."



Ooredoo's consolidated revenue in 2013 increased by 1 percent to QR33.9bn compared to QR33.5bn in 2012, while net profit attributable to shareholders went down by 12.5 percent to QR2.6bn against QR2.9bn during the corresponding period in 2012.

 


The Peninsula




  MENA News Headlines
 Aug 30 2015 - Lebanon- Calm restored downtown Beirut after arrestsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Calm was restored in downtown Beirut's Al-Shuhada Square and Riyadh Al-Solh Squares after protests were wrapped up and a number of arrests took place.Earlier on ...

 Aug 30 2015 - Sudanese Pres. receives Yemeni peerKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Sudanese President Omar Al-Bashir held summit talks with visiting Yemeni President Abd-Rabuh Mansur Hadi on a range of bilateral and regional issues of common ...

 Aug 30 2015 - Conf. of Engineers Without Borders - Kuwait opens SundayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Under auspices of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Engineers Without Borders (EWB) organizes 'decision 2015' conference, ...

 Aug 30 2015 - Kuwait's IICO to launch Eid Al-Adha projects worldwideKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The International Islamic Charitable Organization (IICO) is preparing to launch Eid Al-Adha oriented projects in some 62 states around the globe.IICO's Director ...

 Aug 30 2015 - USD up against Kuwaiti dinarKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) US dollar went up against the Kuwaiti dinar, trading at KD 0.302, however, the euro dropped to KD 0.337 on Sunday as compared to Thursday's trades, the Central ...

 Aug 30 2015 - Kuwait- Development of education "joint social responsibility" - Education MinistryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Developing education in Kuwait is a responsibility that all sectors of society should partake in, said an official at the Education Ministry Sunday.Ministry ...

 Aug 30 2015 - Suicide bombing in Aleppo, Syria, kills ten peopleKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Ten people were killed while others were injured following a booby-trapped car explosion claimed by the so-called the Islamic State in Iraq and Levant (ISIL), in ...

 Aug 30 2015 - Algeria to cut spending by 9 percent in 2016MENAFN
(MENAFN) Algeria's government said it will cut spending by 9 percent in 2016, mainly due to the sharp drop in oil prices, as OPEC tries to counter the drop in energy revenues that account for 60 ...

 Aug 30 2015 - Kuwait- His Highness the Prime Minister receives outgoing Egyptian, Tunisian diplomatsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received separately at Seif Palace Sunday Egyptian and Tunisian Ambassadors to Kuwait ...

 Aug 30 2015 - Saudi Red Sea Mall launched work on USD53.3m expansionMENAFN
(MENAFN) Jeddah's biggest shopping center, The Red Sea Mall, announced that it is starting its largest expansion project with a value of USD53.3 million, allocated to expand buildings and to develop ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help