Quotes: US 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.

 






  MENA News Headlines
 Sep 2 2014 - Emirates to launch service to Oslo, BrusselsMENAFN
(MENAFN) Emirates Airlines is expanding its European network by launching two more destinations, Gulf News reported.Starting from September 2, Emirates will fly daily to Oslo, Norway, becoming the ...

 Sep 2 2014 - Tripoli under militia control as Libya chaos deepensThe Peninsula
(MENAFN - The Peninsula) Libya's toothless outgoing government admitted yesterday from its safe refuge in the east of the country that it has in effect lost control of Tripoli to armed militias.The ...

 Sep 2 2014 - Palestinian, Israeli boys pitch up for football friendlyThe Peninsula
(MENAFN - The Peninsula) After a traumatic summer of war and death, Israeli and Palestinian children squared off yesterday for games of football, just kilometres away from the devastated Gaza ...

 Sep 2 2014 - Dubai's Maritime sector contributed 4.6% to GDPMENAFN
(MENAFN) Maritime sector in Dubai contributed 4.6 per cent to Dubai's GDP, or the equivalent of USD3.91 billion, Gulf News reported.The local maritime industry is considered to be a key cornerstone ...

 Sep 2 2014 - Bahraini EDB, Japanese JISA sign MoCMENAFN
(MENAFN) The Economic Development Board of Bahrain (EDB) signed a memorandum of co-operation with Japan Information Technology Services Industry Association (JISA), Gulf Daily News reported.The ...

 Sep 2 2014 - Kia Motor's sales drop 3 percent in AugustMENAFN
(MENAFN) Kia Motors Corporation, South Korea's second largest automaker, announced that its August sales dropped 3 percent compared to the same month last year, QNA reported.The automaker attributed ...

 Sep 2 2014 - Emirates has no interest in Qantas sharesMENAFN
(MENAFN) Emirates Airlines said they are not interested in investing in the international operations of Qantas, The Peninsula Qatar reported. In the most drastic restructuring step since Qantas was ...

 Sep 2 2014 - Qatar prepare to take on MoroccoThe Peninsula
(MENAFN - The Peninsula) Players of the Qatar national football team in action during a training session in Casablanca, Morocco, yesterday. Qatar take on Morocco in a friendly on Wednesday and play ...

 Sep 2 2014 - Qatar- Rally of LebanonThe Peninsula
(MENAFN - The Peninsula) Qatar's Abdulaziz Al Kuwari (extreme right) raises trophy during the presentation of the 37th Rally of Lebanon in Beirut. Al Kuwari finished third in the race won by local ...

 Sep 2 2014 - Qatar- QFA fines Al Arabi coach QR30,000The Peninsula
(MENAFN - The Peninsula) Qatar Football Association's Disciplinary Committee handed a warning and a QR30,000 fine to Al Arabi head coach Dan Petrescu for his behaviour during his side's game against ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help