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
 Dec 27 2014 - Saudi lifts up state spending to record in 2015MENAFN
(MENAFN) Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, The Peninsula Qatar reported.The government's decision is set to ...

 Dec 27 2014 - Flydubai logs record year in 2014MENAFN
(MENAFN) Flydubai said it had a record year in 2014, having launched 23 new routes and created a network of 89 destinations across the GCC, Europe, Africa and the Indian Subcontinent, Gulf News ...

 Dec 27 2014 - Saudi foreign trade to grow 5.5 percent in 2015MENAFN
(MENAFN) Saudi policies have been 100 percent successful as evidenced by the largest budget in the country's history for 2015, which envisages USD229 billion spending during the new year, Arab News ...

 Dec 27 2014 - UAE- Three arrested for stealing power cables worth Dh66 millionKhaleej Times
(MENAFN - Khaleej Times) Firms urged to guard construction sites with enough security staff Ras Al Khaimah: The Ras Al Khaimah (RAK) Police have arrested three Asian men for their involvement in ...

 Dec 27 2014 - Qatar A team clinches 16th GCC Volleyball Championship titleThe Peninsula
(MENAFN - The Peninsula) The winning Qatar A team's players pose for a group photo along with the officials after defeating Bahrain A team in the final of 16th GCC Beach Volleyball Championship at ...

 Dec 27 2014 - Bahrain- Anti-govt protestThe Peninsula
(MENAFN - The Peninsula) Shia protesters in Bahrain hold up national flag as they take part in an anti-government demonstration in the village of Jannusan, west of capital Manama, yesterday. The ...

 Dec 27 2014 - Jordan denies IS shot down its warplaneThe Peninsula
(MENAFN - The Peninsula) Jordan's military yesterday denied claims by the Islamic State group to have shot down one of its warplanes which crashed in Syria, after the pilot was captured by the ...

 Dec 27 2014 - Yemen- Protest in Sana'aThe Peninsula
(MENAFN - The Peninsula) People demonstrate against the deployment of armed militia of the Shia Houthi movement in Sana'a yesterday. ...

 Dec 27 2014 - Qatar- Gold loses sheen, to end 2014 on flat noteThe Peninsula
(MENAFN - The Peninsula) Gold has lost its sheen this year and is all set to end 2014 on a flat note, leaving investors disappointed. Prices are hovering around the same level seen at the beginning ...

 Dec 27 2014 - Qatar to host 19th meeting of GCC Environment MinistersThe Peninsula
(MENAFN - The Peninsula) Qatar has taken part in the 18th session of GCC ministers in charge of the environment in Kuwait.The Minister of Environment H E Ahmed Amer Mohamed Al Humaidi led Qatar's ...

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