Ooredoo Qatar delivered a steady performance in 2019, building on its "global leadership" in 5G services to provide an “excellent” online experience for customers.
Ooredoo Qatar revenue stood at QR7.3bn, impacted by a fall in handset sales but enhanced by business-to-business growth. Ooredoo Qatar reported stable EBITDA of QR4bn with an increased EBITDA margin of 54%.
Customer numbers were 3.3mn by year-end in line with 2018.
Ooredoo Qatar’s “strong” 5G presence continued to be well received by customers, while an enhanced portfolio of digital services contributed to a growth in post-paid customers.
The new Ooredoo ONE ‘all-in-one' home service increased the number of digital entertainment customers.
A focus on cost optimisation, through multiple initiatives and further digitisation, helped to boost efficiency throughout 2019.
The increasing range of online and digital channels for self-service and self-care made it easier for customers to find, buy and use Ooredoo services in Qatar.
“Ooredoo Qatar managed to improve EBITDA margins from 52% in 2018 to 54% in 2019 and demonstrated readiness to support major sporting events with a flawless application of 5G stadium technology during the final round of the FIFA Club World Cup in Doha,” said Ooredoo Group CEO Sheikh Saud bin Nasser al-Thani.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
S Korean firm specialising in life science technology to set ground in Qatar
Leaders seen endorsing lower 2021-2025 China growth target
Tata group ‘courts investors’ for new digital platform
Oil market in a muddle from mixed messages on demand, glut
Huawei executive to accuse US of misleading Canada in extradition case
Asian stocks mostly rise but virus, US election fears linger
Sensex gains, buoyed by shares of private lenders
Shaq Insurance to support Qatar’s economic diversification
Qatar Airways Cargo signs agreement with SkyCell for hybrid pharma containers