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
 Jun 30 2016 - Tennis: Roger Federer ends Willis' Wimbledon fairytaleMuscat Daily
(MENAFN - Muscat Daily) Marcus Willis'' Wimbledon fairytale came to an end against Roger Federer, but the British qualifier''s 6-0, 6-3, 6-4 defeat couldn''t ruin a day to remember for the new star ...

 Jun 30 2016 -  Tough love: psychology of Argentina's Messi relationshipMuscat Daily
(MENAFN - Muscat Daily) Like neurotic parents, Argentines swung from criticism to unconditional love for their star footballer Lionel Messi this week, providing the soccer-mad nation''s many ...

 Jun 30 2016 -  Cricket: Anil Kumble takes charge with eye on bowlersMuscat Daily
(MENAFN - Muscat Daily) Anil Kumble thinks a year - and 17 Test matches - is enough for India to make its mark on all three formats of cricket. Kumble''s one-year contract as coach of the national ...

 Jun 30 2016 - Golden age Hollywood starlet Olivia de Havilland turns 100Muscat Daily
(MENAFN - Muscat Daily) Paris- Screen legend Olivia de Havilland, who turns 100 on Friday, is the last surviving star from "Gone with the Wind" and one of the last great stars of ...

 Jun 30 2016 - Obama to campaign with Clinton, Trump shrinks gapMuscat Daily
(MENAFN - Muscat Daily) Washington- President Barack Obama will campaign with presumptive Democratic White House nominee Hillary Clinton for the first time next Tuesday, as a new poll shows a ...

 Jun 30 2016 - New York's Empire State Building to go dark for TurkeyMuscat Daily
(MENAFN - Muscat Daily) New York- New York''s famed Empire State Building will go dark on Wednesday in tribute to the 41 people killed and 239 wounded in a suicide attack at Istanbul''s main ...

 Jun 30 2016 -  Brazil has 'total confidence' in Olympics securityMuscat Daily
(MENAFN - Muscat Daily) Rio de Janeiro- Brazil has "total confidence" that it can ensure security for more than half a million tourists and athletes attending the Rio Olympics this August, ...

 Jun 30 2016 -  Eight killed as fire guts pharmacy in IndiaMuscat Daily
(MENAFN - Muscat Daily) Mumbai- Eight people were killed when a fire gutted a pharmacy in India''s financial capital Mumbai on Thursday, police said. One other person was seriously injured in the ...

 Jun 30 2016 -  Engine failure, errors by crew led to deadly Taipei crash: reportMuscat Daily
(MENAFN - Muscat Daily) Taipei - A plane crash in Taiwan that killed 43 people when a passenger jet plunged into a river was caused by engine failure and flight crew errors, a damning final ...

 Jun 30 2016 - NY entrepreneur swapping start-ups for charityMuscat Daily
(MENAFN - Muscat Daily) New York- After making millions before turning 40, a New York-based entrepreneur is dreaming of transforming charitable giving by bringing his start-up stardust and ...

more...


 





Google

 
 

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