Saturday, 24 June 2017

Profits fall at Ooredoo, but data revenues grow

By Mary Lennighan, Total Telecom
Wednesday 11 March 15

Qatar-based operator hit by Iraq situation, forex issues; signs up 2.2 million customers in Myanmar.

Ooredoo posted an 89% slide in net profit in the fourth quarter of last year and saw EBITDA drop by 21% on the back of forex issues and Myanmar start-up costs, while the security situation in Iraq continued to have an impact on its business. The Qatar-based operator reported net profit of 55 million riyals (&euro…

Ooredoo posted an 89% slide in net profit in the fourth quarter of last year and saw EBITDA drop by 21% on the back of forex issues and Myanmar start-up costs, while the security situation in Iraq continued to have an impact on its business. The Qatar-based operator reported net profit of 55 million riyals (&euro…

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