(MENAFN- The Peninsula) Ooredoo has won the 'TMT Innovation Award' at the TMT MENA Awards 2015 held in Dubai last week. The award recognises Ooredoo's innovative partnership with Rocket Internet, Germany's biggest incubator for online companies.
Ooredoo and Rocket Internet joined forces in August 2014 to create the Asia Pacific Internet Group (APACIG), a partnership that aims to build and fund online start-ups, with ventures ranging from online retail and marketplaces to classified services.
Since its launch, APACIG has become a leading online platform in Asia, building top Internet companies that have continued to grow and expand through 2015.
In addition to successfully managing the operations of 14 companies across 15 markets within the Asia Pacific, APACIG has launched four new ventures in the past year (ShopWings, Printvenue, Helpling and SpaceWays) and expanded its online jobs classifieds venture, which is known as Work.com.mm in Myanmar, into Sri Lanka, Cambodia and Nepal under the Everjobs brand.
The company has also facilitated the merger of two of Asia Pacific's leading online comparison shopping businesses, PricePanda and Getprice under the "Next Commerce" banner, with the aim of creating a market-leading network across the region.
Dr Nasser Marafih, Group CEO, Ooredoo, said: "This award is a testament to the successful partnership we have established with Rocket Internet in 2014. The attractiveness of this partnership is that it enables Ooredoo to enrich people's lives in Asia, where there is a big entrepreneurship community and a notable need for funding and support. eCommerce is part of Ooredoo's strategy to invest in new businesses and develop ideas that will grow to become full-fledged business with continuous revenue streams. We are delighted to be recognised for our efforts in supporting young entrepreneurs and seeing their brilliant innovations come to light."
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