Ooredoo Qatar focused on “growth” and “strengthened its leadership position” in the face of a range of challenges caused by the Covid-19 pandemic.
While roaming revenue continued to be impacted by global travel restrictions, the company saw positive returns from fixed and ICT services in particular.
Reported revenue was QR5.3bn, while EBITDA stood at 2.9bn. Total customers reached 3.3mn, up 2.7% year-on-year, with the mobile customer base growing by 3.2%, and the postpaid customer base up by 2.8%.
EBITDA margin sustained its positive trend at 55%. EBITDA was strengthened by a range of cost optimisation measures, including franchising shops, re-negotiating major content deals, and an increased focus on digitisation and related programmes.
The launch of Ooredoo ONE ‘All-In-One' home service comprising TV, home broadband and landline triple play extended the range of home entertainment options for the community and contributed to customer growth for Ooredoo TV of 2% year-on-year.
Ooredoo Qatar’s network enhancement programme ensured network and telecom support and readiness for quarantine centres and hubs as required.
More than 463,000 homes across the country are now connected to Ooredoo Fibre.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
MSCI includes QIG in its Qatar Small Cap index
Qatar Q1 trade surplus jumps 19% to QR39.94bn: PSA
Online platform gets funding from Omani firm to accelerate GCC expansion plans
AT&T preparing to merge its media assets with Discovery
Qatar aims for 25% electric public transport by 2022: USQBC
Poland plans EU-funded boost to revive pandemic-hit economy
US, EU set to reach temporary tariff truce over metals
Disney falls most in 11 months after streaming growth falters
Wall Street sets sights on earnings reports from major retailers