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Tag: ooredoo
Ooredoo Group net profit rises by 10% in 2019 on stable revenue, customer base broadens by 2%
2020-02-14 09:20:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group has announced that its net profit for the year ended 31 December 2019 increased by 10 percent to QAR 1.73 billion from QAR 1.57 billion in 2018. There was an increase in EBITDA and a more favorable foreign exchange environment compared with 2018, but IFRS 16 had a negative effect on net profit. Revenue was stable at QAR 29.92 billion compared with QAR 29.93 billion, in spite of the industry-wide shift from voice to data consumption, lower handset sales and macroeconomic and currency weakness in some markets.
Indosat Ooredoo sells 3,100 telecom towers for IDR 6.4 trillion
2019-10-15 14:53:00| Telecompaper Headlines
(Telecompaper) Indosat Ooredoo has sold 3,100 telecom towers to two Indonesian companies for IDR 6.39 trillion (about USD 456 million), the Jakarta Post reported. Daya partner Telekomunikasi (Mitratel) will buy 2,100 towers while Professional Telekomunikasi Indonesia (Protelindo) will purchase the remaining 1,000.
Tags: telecom
sells
towers
idr
Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%
2019-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16 accounting standards.
ZTE signs MoU with Ooredoo to fast track 5G in Myanmar
2019-05-16 02:00:00| Total Telecom industry news
ZTE and Ooredoo have signed a deal to develop and launch 5G mobile network services in Myanmar. The Memorandum of Understanding (MoU) signed between the pair is part of Ooredoo Myanmar's extensive network modernisation programme. One of the continent's fastest growing economies…read more on TotalTele.com »
Tags: fast
track
signs
myanmar
Ooredoo doubles down on blockchain as global sped set to hit $12bn by 2022
2019-03-18 01:00:00| Total Telecom industry news
Ooredoo Group has launched its global blockchain initiative as it looks to position itself as one of the industry's early movers on blockchain. A new report, published by IDC, claims that the global blockchain spend will increase exponentially over the next three years…read more on TotalTele.com »