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Ooredoo Kuwait revenue falls 5% in H1, customer base down 3%

2020-07-23 09:38:00| Telecompaper Headlines

(Telecompaper) Ooredoo Kuwait said that revenues decreased by 5 percent to KWD 294.1 million in the first six months to 30 June from KWD 310.4 million a year earlier. Revenues in Kuwaiti dinars were hit by lower sales in Kuwait, substantial support for local customers free of charge, a decrease in Algerian revenue mainly due to the weak economic environment, currency devaluation, price competition and the impact of Covid-19 and related business limitations in all operations. 

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