Ooredoo reported a 9% revenue growth in H1 2024, reaching KD346 million ($1.1 billion), driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. Customer base increased by 4% to 25.5 million, and EBITDA grew by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023.
Ooredoo Tunisia has become the first telecommunications operator in Tunisia to achieve the N-Cloud certification from the National Cyber Security Agency, demonstrating its commitment to cybersecurity and data integrity.
Ooredoo signed an MoU with the Ad-Dakhiliyah Governorate to sponsor the Riyada award and provide training for SMEs and officials, boosting digital transformation. The ‘SpringForward’ program will enhance entrepreneurship skills among young Omanis, supporting economic diversification and sustainability.
Ooredoo and Qatar Airways have partnered with Google Cloud for a large-scale cloud adoption initiative to enhance customer experiences and sustainability. This collaboration involves creating a hybrid multi-cloud environment, leveraging Google Cloud’s AI capabilities and ensuring high security and local data compliance.
Ooredoo Group has partnered with Nvidia to bring the full-stack AI platform to the Middle East, enhancing AI infrastructure and offering advanced AI tools to governments, enterprises, and startups across the region.
Ooredoo has partnered with Nutanix to develop a hybrid multi-cloud environment for Qatar Airways, enhancing customer experience and operational efficiency. Additionally, Ooredoo is extending its partnership with Netcracker to improve CRM and revenue management, supporting various services and industries, including ICT, IoT, fintech, and entertainment.
Ooredoo reported a 5% decrease in Q1 2024 net profits, with earnings at QAR 912.93 million, despite a 4% revenue increase to QAR 5.86 billion. The telecom company also announced a dividend of QAR 0.55 per share and aims to boost stakeholder value through strategic initiatives and operational efficiencies.
Ooredoo, in collaboration with Cisco, has launched the Cloud Phone service in Qatar, enhancing its business broadband offerings. The event highlighted this strategic partnership and showcased the capabilities of Cisco’s BroadSoft platform, underlying the Cloud Phone service.
Ooredoo Kuwait and Huawei unveiled “CloudConnect,” a Network-as-a-Service (NaaS) solution, during GITEX Global, introducing Wi-Fi 7 technology for businesses. CloudConnect offers cloud-managed networking services, aligning with Kuwait’s digital transformation goals. Ooredoo Kuwait pioneers Wi-Fi 7, providing enhanced connectivity. The collaboration aims to drive digital transformation and improve network efficiency, data security, and compliance with local regulations. Ooredoo Kuwait leads in introducing Managed Wi-Fi 7, offering faster speeds and advanced security for businesses. This initiative aligns with Kuwait’s vision for economic and social development.
