Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Ooredoo to unveil 'surprise' plans soon  Join our daily free Newsletter

MENAFN - The Peninsula - 31/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Telecom giant Ooredoo is gearing up to launch big service packages within a couple of months which are expected to surprise everybody, said Ooredoo Qatar Chief Executive Officer Sheikh Saud bin Nasser Al Thani yesterday.



"Our new service packages which we are expecting to announce within next two months will surprise everybody," he said. However, he did not provide any further details about the product



Sheikh Saud, while speaking with The Peninsula on the sidelines of the company's Annual General Assembly Meeting, said: "We are expanding our capacity to further enhance the quality of our services across the country, and working on the completion of the remaining 400 sites (500 sites already completed) with 4G networks. In addition, we have some big projects going on in 2014 such as the national rollout of fibre-to-the-home (FTTH) high-speed broadband network infrastructure.



The AGM approved the recommendation of the board of directors to distribute a cash dividend of 40 percent of the nominal share value (QR4 per share). In addition, shareholders elected Ibrahim Abdulla Al Mahmoud to fill the vacant position on the board.



Sheikh Abdullah bin Mohammed bin Saud Al Thani, Chairman, Ooredoo, highlighted some of the achievements of the last financial year, including the global launch of the Ooredoo brand, and subsequent national launches in markets such as Qatar, Algeria and the Maldives. Sheikh Abdullah said: "Transforming our company into Ooredoo was always about much more than simply changing our name. The transformation process was about taking our company to the next level - bringing our strategy to life with a new, dynamic brand and leveraging our combined resources to transform our customer offering."




Asked if call tariffs and data charges are likely to come down in the days to come, Sheikh Saud said: "Although our rates are the lowest in the region, but we are continuing to strive for providing better deals, especially on international calls, and expecting to launch new products soon.



On the rising level of competition faced by Ooredoo from Vodafone, its only rival in the local market, he said: "Given our competitive prices and high quality of services both in the GSM and landline category, Ooredoo still has comparative advantage in many respects, which include wide network coverage and infrastructure."



Dr Nasser Marafih, Group CEO of Ooredoo, said: "Corporate sector (B2B), which accounts a significant portion of our revenue, will continue to remain as one of the most important areas of business focus. Given Qatar's efforts to become a knowledge-based society, there is a high growth potential in the corporate area, and as the chairman mentioned in his speech, we are building dedicated teams to focus on the segment.



Asked about Myanmar's business strategy, Ooredoo's latest overseas market, Marafih said: "The strategy would be similar to any other 'green field' market where (mobile) penetration is very low. Since in case of Myanmar it is less than 10 percent, we will try to grab as much market share as possible."



Ooredoo's consolidated revenue in 2013 increased by 1 percent to QR33.9bn compared to QR33.5bn in 2012, while net profit attributable to shareholders went down by 12.5 percent to QR2.6bn against QR2.9bn during the corresponding period in 2012.

 


The Peninsula




  MENA News Headlines
 Sep 29 2016 - GCC States, New Zealand to enhance trade tiesMENAFN
(MENAFN) New Zealand and the GCC States will work to get a free trade pact back on track after trade ministers from the Pacific nation and Saudi Arabia confirmed to enhance trade ties.Two-way trade ...

 Sep 29 2016 - World’s 1 DLP Brand BenQ earns THX® HD Display Certification for W8000 Home Theatre ProjectorMENAFN Press
(MENAFN Press) United Arab Emirates, September 29, 2016-(ME NewsWire)- BenQ, the global No.1 DLP projector brand, proudly announced today that its W8000 home theatre projector achieves prestigious ...

 Sep 29 2016 - FinTech Boom Needs Strong Guidance to Navigate Regulatory Hurdles, Finds ACCAMENAFN Press
(MENAFN Press) Dubai United Arab Emirates, September 29, 2016: (ME NewsWire )Despite the fact that FinTech has been causing significant digital disruption to global finance for almost a decade, the ...

 Sep 29 2016 - Morocco signs deal with Boeing to attract suppliersMENAFN
(MENAFN) Morocco signed a deal with Boeing Co. in order to attract its suppliers to enhance the kingdom's aeronautics industry.In addition, the Boeing ecosystem project plans to bring almost 120 ...

 Sep 29 2016 - Qatar Airways to launch joint business with British AirwaysMENAFN
(MENAFN) British Airways and its largest shareholder Qatar Airways confirmed to set up a mutual business that will see them code-share on flights linking dozens of destinations.The deal will see ...

 Sep 29 2016 - President of Emirates Obs-Gyne Society to speak at the Women's Health and Reproductive Care ConferenceMENAFN Press
(MENAFN Press) President of Emirates Obs-Gyne Society to speak at the Women's Health and Reproductive Care Conference The Women's Health and Reproductive Care Conference will take place from 11-12 ...

 Sep 29 2016 - Emirates ID Authority, Dubai Airports and Abu Dhabi Airports Company to attend the Biometrics event this December.MENAFN Press
(MENAFN Press) Emirates ID Authority, Dubai Airports and Abu Dhabi Airports Company to attend the Biometrics event this December. The 1st Biometrics Middle East Conference will take place from 5-6 ...

 Sep 29 2016 - Critical Updates Showcased at Pre-Filled Syringes Europe 2017 by the MHRA, Sanofi, GSK, Sandoz, Novartis and JanssenMENAFN Press
(MENAFN Press) Critical Updates Showcased at Pre-Filled Syringes Europe 2017 by the MHRA, Sanofi, GSK, Sandoz, Novartis and Janssen Pre-Filled Syringes Europe 2017 MHRA to provide an opening ...

 Sep 29 2016 - Oman signs deals with Iranian counterpartsMENAFN
(MENAFN) Omani firm signed several deals with their Iranian counterparts in Tehran on the sidelines of the Omani Products Exhibition.Al Sulaimi Group and MAS International of Iran signed a deal to ...

 Sep 29 2016 - Saudi executes USD300b worth of projectsMENAFN
(MENAFN) Saudi Arabia is recently executing projects worth USD300bn, defying the global and regional trends of recession.Additionally, the government supports many projects, while it's reviewing a ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help