Latest news with #OoredooGroup
Yahoo
27-05-2025
- Business
- Yahoo
QIC unveils personal cyber insurance offering
Qatar Insurance Company (QIC) has launched personal cyber insurance coverage to protect individuals against cyber risks. This policy aims to provide financial safeguards for online threats including those related to online shopping and the use of internet-connected devices. The coverage encompasses financial losses due to credit card fraud, cyberattacks, cyber extortion, damage to connected devices and wearables, incidents of online shopping fraud, identity theft and phishing scams. It also extends to cover theft of funds and ransom payments in cases of cyber extortion. QIC CEO Salem Al Mannai added: 'In line with the National Cyber Security Strategy 2024–2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this ground-breaking personal cyber insurance in the country. 'As Qatar continues its digitalisation at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online, ensuring our community stays protected while engaging with an increasingly connected world.' The product is exclusively available to QIC customers and they can purchase it as an add-on to home contents, car and travel insurance policies for an annual premium of QR100. In November 2024, QIC partnered with Ooredoo Group to develop new insurance solutions by leveraging QIC's expertise in risk management and integrating it with Ooredoo's telecommunications infrastructure. "QIC unveils personal cyber insurance offering " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
ILoveQatar.net
19-05-2025
- Business
- ILoveQatar.net
Starlink and WiWU Announced Strategic Partnership to Elevate Tech Lifestyle in Qatar
Starlink, a subsidiary of the Ooredoo Group, has officially partnered with WiWU, one of the most recognized global brands in mobile accessories and tech lifestyle products. This strategic collaboration brings together two innovation-focused companies aiming to deliver smarter, more stylish, and functional tech solutions to the Qatar market. WiWU, established in 2011, is known for its emphasis on design, quality, and market adaptability. With over 2,000 SKUs, 12 product categories, and 60+ exclusive agents worldwide, WiWU has successfully positioned itself as a preferred brand in more than 60 countries. Their product range includes smart backpacks, GaN chargers, multi-functional power banks, wearable tech, and high-performance cases, all designed to enhance modern mobility and digital lifestyles. Through this partnership, Starlink will serve as the exclusive distributor of WiWU products in Qatar. With over 18 years of experience in the technology, devices, and mobile accessories sector, Starlink's established distribution network, retail presence, and advanced logistics capabilities — including 1-hour delivery across Doha — make it a powerful platform to scale WiWU's reach in the region. This collaboration reflects a shared commitment to delivering high-quality, customer-centric solutions. Starlink's diverse portfolio of global partners and strong presence in the consumer tech and lifestyle space position it as an ideal channel to expand WiWU's presence in Qatar's growing tech market. The partnership is expected to introduce a dynamic range of products that merge form and function, tailored for professionals, students, travelers, and everyday users seeking dependable, innovative accessories. "We are excited to welcome WiWU to our family of global partners," said Cyril Anand, CEO of Starlink. "This partnership aligns perfectly with our mission to deliver premium, forward-thinking tech solutions that enhance everyday life. With WiWU's innovative product design and our robust distribution network, we're ready to reshape the mobile accessories landscape in Qatar." 'This partnership with Starlink represents a strategic move to strengthen our presence in Qatar. WiWU is committed to bringing smart, high-performance accessories to a broader audience, and we're excited to work with a partner whose local expertise and customer reach will help us deliver real value to consumers across Qatar.' said Jason Zhu, CEO of WiWU. ' About Starlink: Starlink, a subsidiary of the Ooredoo Group, has been serving Qatar since 2006, steadily evolving into a preeminent multi-vertical organization within the technology and telecommunications sector. With over 18 years of experience, Starlink operates diverse yet integrated business units, encompassing retail operations through both Starlink and Ooredoo stores, a robust e-commerce platform, and nationwide B2C and B2B distribution of Ooredoo services. In addition, we deliver ICT distribution and managed services, support corporate clients with dedicated B2B device provisioning, and offer specialized solutions in installation and maintenance, human resource outsourcing, and call center operations. Our capabilities further extend to managed print and imaging services, as well as dedicated technology distribution, including our strategic partnership as the official distributors of many prominent brands in Qatar. Supported by a team of 1,800 professionals and in collaborations with over 30 global technology leaders, we are proud to serve more than 1,023 clients. Through this diverse portfolio, Starlink continues to provide scalable, efficient, and future-ready solutions to individuals, enterprises, and institutions across the country. For more information, visit our website at
Qatar Living
19-05-2025
- Business
- Qatar Living
Starlink and WiWU Announced Strategic Partnership to Elevate Tech Lifestyle in Qatar
By Qatar Living • 19 May 2025 09:05 Starlink, a subsidiary of the Ooredoo Group, has officially partnered with WiWU, one of the most recognized global brands in mobile accessories and tech lifestyle products. This strategic collaboration brings together two innovation-focused companies aiming to deliver smarter, more stylish, and functional tech solutions to the Qatar market. WiWU, established in 2011, is known for its emphasis on design, quality, and market adaptability. With over 2,000 SKUs, 12 product categories, and 60+ exclusive agents worldwide, WiWU has successfully positioned itself as a preferred brand in more than 60 countries. Their product range includes smart backpacks, GaN chargers, multi-functional power banks, wearable tech, and high-performance cases, all designed to enhance modern mobility and digital lifestyles. Through this partnership, Starlink will serve as the exclusive distributor of WiWU products in Qatar. With over 18 years of experience in the technology, devices, and mobile accessories sector, Starlink's established distribution network, retail presence, and advanced logistics capabilities — including 1-hour delivery across Doha — make it a powerful platform to scale WiWU's reach in the region. This collaboration reflects a shared commitment to delivering high-quality, customer-centric solutions. Starlink's diverse portfolio of global partners and strong presence in the consumer tech and lifestyle space position it as an ideal channel to expand WiWU's presence in Qatar's growing tech market. The partnership is expected to introduce a dynamic range of products that merge form and function, tailored for professionals, students, travelers, and everyday users seeking dependable, innovative accessories. "We are excited to welcome WiWU to our family of global partners," said Cyril Anand, CEO of Starlink. "This partnership aligns perfectly with our mission to deliver premium, forward-thinking tech solutions that enhance everyday life. With WiWU's innovative product design and our robust distribution network, we're ready to reshape the mobile accessories landscape in Qatar." 'This partnership with Starlink represents a strategic move to strengthen our presence in Q atar. WiWU is committed to bringing smart, high-performance accessories to a broader audience, and we're excited to work with a partner whose local expertise and customer reach will help us deliver real value to consumers across Qatar.' said Jason Zhu, CEO of WiWU .' About Starlink: Starlink, a subsidiary of the Ooredoo Group, has been serving Qatar since 2006, steadily evolving into a preeminent multi-vertical organization within the technology and telecommunications sector. With over 18 years of experience, Starlink operates diverse yet integrated business units, encompassing retail operations through both Starlink and Ooredoo stores, a robust e-commerce platform, and nationwide B2C and B2B distribution of Ooredoo services. In addition, we deliver ICT distribution and managed services, support corporate clients with dedicated B2B device provisioning, and offer specialized solutions in installation and maintenance, human resource outsourcing, and call center operations. Our capabilities further extend to managed print and imaging services, as well as dedicated technology distribution, including our strategic partnership as the official distributors of many prominent brands in Qatar. Supported by a team of 1,800 professionals and in collaborations with over 30 global technology leaders, we are proud to serve more than 1,023 clients. Through this diverse portfolio, Starlink continues to provide scalable, efficient, and future-ready solutions to individuals, enterprises, and institutions across the country. For more information, visit our website at --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial Log in or register to post comments 7 Historic Forts to Explore in Qatar This Eid By Qatar Living · 0 · 1 month 2 weeks ago Discover Qatar's rich history this Eid by exploring its iconic forts. From the UNESCO-listed Al Zubarah Fort to the scenic Barzan Towers, each site offers a glimpse into the country's past. Whether you're a history buff or looking for a unique adventure, these forts provide the perfect getaway. Fascinating Facts About Qatar You Probably Didn't Know By Qatar Living · 2 · 5 months 1 week ago Qatar is a land of fascinating stories, rich traditions, and surprising wonders. From its unique flag to ancient purple dye production, there's so much more to discover about this vibrant nation. Read on to explore Qatar like never before! Beat the Heat: 5 Tips to maintain your car this summer By Qatar Living · 2 · 3 weeks 6 days ago When Qatar's summer temperatures hit extreme highs keeping your car cool isn't just a luxury, it's a necessity. Here are some smart and practical tips to help your vehicle stay cooler and safer during the hottest months. Post to Forum
Zawya
02-05-2025
- Business
- Zawya
Qatar: Ooredoo's profits up 5% in Q1-25
Qatar - National Mobile Telecommunications Company (Ooredoo) achieved profits attributable to the owners amounting to QAR 960 million in the first quarter (Q1) of 2025, up 5% from QAR 913 million in Q1-24. Total revenues stood at QAR 5.85 billion as of 31 March 2025, compared to QAR 5.86 billion, according to the financial results. Earnings per share (EPS) went up year-on-year (YoY) to QAR 0.30 in Q1-25 from QAR 0.29. The group reported total assets amounting to QAR 61.13 billion at the end of March 2025, versus QAR 60.94 billion as of 31 December 2024. Aziz Aluthman Fakhroo, CEO of Ooredoo, said: 'Ooredoo Group began the year on a strong note underpinned by sustained operational momentum across our markets with a focus on efficiencies and execution of key strategic initiatives.' Fakhroo added: 'Excluding the impact of the Myanmar exit, Revenue increased by 3% YoY to QAR 5.80 billion and EBITDA grew by 2% to QAR 2.50 billion. EBITDA margin was maintained at 43%. The group's performance during the quarter was bolstered by strong growth in Kuwait, Algeria, and Iraq.' Source: Mubasher
Zawya
01-05-2025
- Business
- Zawya
Ooredoo Group delivers solid financial performance
Doha, Qatar: Ooredoo Q.P.S.C. ('Ooredoo') – Ticker: ORDS today announced its financial results for quarter ended 31 March 2025. Quarter one (Q1 2025) Highlights: Revenue remained flat (up by 3%, excluding the impact of Myanmar exit) at QAR 5.8 billion EBITDA was flat (up by 2%, excluding the impact of Myanmar exit) at QAR 2.5 billion EBITDA margin was steady at 43% Net profit of QAR 960 million, up by 5% CAPEX spend of QAR 538 million Free Cash Flow (FCF) of QAR 2.0 billion, down by 8% Customer base of 147.4 million (including IOH) Launched Syntys - a fully independent, carrier-neutral data centre company spun off from Ooredoo Consolidated Group Quarterly Analysis Q1 2025 Q1 2024 % Change Revenue (QAR m) 5,850 5,863 - EBITDA (QAR m) 2,539 2,546 - EBITDA Margin (%) 43% 43% - Net Profit attributable to Ooredoo Shareholders (QAR m) 960 913 5% Normalised Net Profit attributable to Ooredoo Shareholders (QAR m) 962 1,004 -4% CAPEX (QAR m) 538 382 41% CAPEX/Revenue (%) 9% 7% 3pp Free Cash Flow (QAR m) 2,001 2,164 -8% Customers (m) 52.0 58.5 -11% Customers (m) (incl IOH) 147.4 159.3 -7% The disposal of the Ooredoo Myanmar operation was completed on 31 May 2024, and Ooredoo Group's financial results for Q1 2024 include results for Ooredoo Myanmar unless otherwise stated. Year on year (YoY) Commenting on the results, HE Sheikh Faisal Bin Thani Al Thani, Chairman of Ooredoo, said: 'Ooredoo Group has made a solid start to 2025. Excluding the impact of the Myanmar exit, first quarter revenue increased by 3% YoY to QAR 5.8 billion. Healthy net profit growth of 5% YoY to QAR 960 million. Our results are in line with expectations, demonstrating that our multi-year transformation strategy is on track. Additionally, we are pleased to report that the recommendation by the Board of Directors to distribute a cash dividend of QAR 0.65 per share was approved by our shareholders during the AGM held on 11 March 2025. As we pursue our vision to lead the region's digital infrastructure, our focus remains firmly on sustainable growth and long-term value creation. With strong financial foundations, clear strategic direction, and accelerating momentum, we are well-positioned to navigate change, capitalise on growth prospects, and deliver consistent returns for our shareholders.' Also commenting on the results, Aziz Aluthman Fakhroo, CEO of Ooredoo Group, said: 'Ooredoo Group began the year on a strong note underpinned by sustained operational momentum across our markets with a focus on efficiencies and execution of key strategic initiatives. Excluding the impact of the Myanmar exit, Revenue increased by 3% YoY to QAR 5.8 billion and EBITDA grew by 2% to QAR 2.5 billion. EBITDA margin was maintained at 43%. The Group's performance during the quarter was bolstered by strong growth in Kuwait, Algeria and Iraq. The Group's Net Profit increased by 5% to finish the quarter at QAR 960 million, while FCF remains healthy at QAR 2.0 billion. During the quarter, we successfully launched Syntys, a fully independent, carrier-neutral data centre company spun off from Ooredoo after over two years of strategic planning. Syntys is supported by Iron Mountain as a strategic shareholder, to accelerate data centre expansion and support hyperscalers and enterprises in our region's rapidly evolving tech landscape. The achievements in the first quarter are owed to the Ooredoo teams' diligent efforts. Looking ahead, we remain confident in delivering on our full-year guidance and reinforcing our position as the region's leading digital infrastructure provider. Our strong customer base, broad network footprint, and healthy balance sheet provide us with the resilience and flexibility to continue investing in innovation and capture growth opportunities.' Strategic review In Q1 2025, Ooredoo Group continued to execute against its long-term strategic goal of becoming a telecom and infrastructure powerhouse, anchored by five foundational pillars: delivering exceptional customer experience, empowering talent, driving smart telco innovation, strengthening core operations, and maintaining a disciplined, value-focused portfolio. Ooredoo Group is transforming into the region's leading digital infrastructure provider, combining disciplined execution with strategic investments. Our balanced portfolio allows us to focus capital on high-value and high-growth areas that boost our financial performance and give us long-term sustainability. As we look to the remainder of 2025 and beyond, Ooredoo is strategically positioned to lead the next wave of digital transformation across the region. Our multi-asset, infrastructure-driven model — anchored in towers, data centres, sea cable and fibre connectivity, and fintech — will serve as a powerful platform for long-term value creation, innovation, and regional impact. Through disciplined execution and strategic partnerships, we remain committed to unlocking the full potential of the digital economy for our customers, shareholders, and communities. TowerCo Ooredoo Group, Zain Group, and TASC Towers Holding are advancing toward the creation of the region's largest independent tower company, following the signing of definitive agreements in December 2023. The landmark transaction, a cash and share deal, will consolidate approximately 30,000 towers across six MENA markets under a single TowerCo. The focus remains on closing procedures in each jurisdiction, with regulatory approvals serving as a key part of the process. Once operational, the combined TowerCo is set to unlock scale capital and operational efficiencies and drive long-term value creation. Data centres - Syntys Syntys, a newly established carrier-neutral data centre company in the MENA region, was strategically spun off from Ooredoo Group in Q1 2025, positioning itself as a key enabler of the region's digital transformation. Ooredoo made strong progress on the execution of its data centre carve-out, successfully transitioning operations in Qatar, Tunisia, and Kuwait to Syntys, with the full carve-out across remaining markets expected to be completed by the end of 2025. During the quarter, Ooredoo also formed a strategic partnership with Iron Mountain, a global leader in information management and data centre services. As part of the agreement, Iron Mountain acquired a minority equity stake in Syntys. This partnership is expected to accelerate platform scalability and enhance operational efficiency. With a planned investment of USD 1 billion and initial funding of approximately USD 550 million, Syntys is focused on expanding its data centre capacity beyond 120 megawatts. Leveraging the combined strengths of Ooredoo, Iron Mountain, and a highly experienced leadership team, Syntys is strongly positioned to support the region's growing demand for cloud, artificial intelligence (AI), and digital infrastructure solutions. Fintech Ooredoo Financial Technology International (OFTI), our fintech venture, is making meaningful progress in meeting the financial needs of underserved markets. OFTI, established in 2023, is now fully operational in three markets — Qatar, Oman, and the Maldives. A significant portion of revenue is generated through international remittances. To continue its expansion, the company received approval in principle for a license in Tunisia, where it is currently in the build phase. In addition, it is in advanced stages of the regulatory process and continues to explore entry opportunities in Iraq and Kuwait. OFTI is establishing a financial service marketplace through strategic partnerships with industry leaders such as Western Union, PayPal, Visa, QNB, Thunes, and MoneyGram enabling the Company to leverage extensive networks, enhance service offerings, and accelerate market expansion. In February 2025, OFTI partnered with Qatar's Ministry of Commerce and Industry to integrate its services into the national Single Window platform, enhancing business setup processes for SMEs. These initiatives underscore Ooredoo's commitment to advancing financial inclusion and empowering individuals and businesses across the region through innovative fintech solutions. OFTI is a key player in Qatar, processing over USD 6 billion in transactions annually and holding a 20% market share in international remittances. With a vision to create an integrated marketplace, OFTI is focused on unlocking the untapped potential of the MENA digital payment market, aiming to empower individuals and businesses across the region. Sea cable and Fibre Ooredoo is strategically investing in subsea cable infrastructure to become a global connectivity leader. On 30 January 2025, the Group capitalised on the opportunity to build an international submarine cable that connects all the GCC countries and beyond (Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait and Iraq) into a single, high-capacity system. The Group has contracted with Alcatel Submarine Networks (ASN) for this build. The 'Fibre In the Gulf' (FIG) project will be the largest subsea cable ever constructed in the GCC, offering a low latency, shorter and secure route to a new corridor connecting Europe. With 24 fibre pairs and a capacity of over 720Tbps, this infrastructure will deliver connectivity benefits to hyperscalers, business customers, governments, AI providers, data centres and telecom operators. As part of the project rollout, the Group secured the first FIG landing point in Kuwait by signing an Administrative License Agreement with Kuwaiti authority CITRA. This reinforces Kuwait's role as a strategic transit hub for global data traffic and underlines Ooredoo's commitment to regional infrastructure leadership. Additionally, Ooredoo signed a Landing Party Agreement with the Iraqi Telecommunications and Post Company (ITPC) to land the FIG cable in Iraq, further expanding the Group's reach into critical corridors linking Asia and Europe. Ooredoo is positioning itself as a key enabler of global connectivity by addressing the surging data demand between Asia and Europe. The FIG project reinforces Ooredoo's digital infrastructure leadership and accelerates the Group's strategic ambitions in AI, cloud, and data services. Financial highlights Revenue Group revenue for the quarter was at QAR 5.8 billion, increasing by 3% YoY, excluding the impact of the Myanmar exit. Algeria, Iraq, Tunisia and Kuwait demonstrated sustained commercial momentum. EBITDA & EBITDA Margin The Group closed the first quarter of 2025 with a 2% YoY increase in EBITDA excluding the impact of the Myanmar exit, reaching QAR 2.5 billion. EBITDA margin remained stable at 43%. Kuwait, Algeria and Iraq increased their contribution to the Group's profitability. Net Profit Reported Net profit of QAR 960 million (Q1 2024: QAR 913 million), up by 5% YoY. Net profit for the quarter accounts for the initial impact of Pillar 2 (QAR 59 million), in line with new global minimum tax requirements. Normalised Net Profit was slightly lower by 4% YoY to QAR 962 million (Q1 2024: QAR 1.0 billion). Normalised Net Profit is adjusted for foreign exchange and impairment. Capital expenditure (CAPEX) The Group deployed a total of QAR 538 million of CAPEX for the first quarter, reflecting an increase of 41% YoY, largely from higher investments in Iraq, Oman, Kuwait, Algeria and Tunisia. Free Cash Flow Free Cash Flow decreased by 8% to QAR 2.0 billion. The strong EBITDA performance was offset by an acceleration of targeted network projects. Debt Ooredoo Group maintained its healthy financial and liquidity position during Q1 2025 with investment-grade ratings. As at 31 March 2025, the Group's Net-Debt-to-EBITDA ratio stood at 0.6x, below the Board's guidance of 1.5x to 2.5x. The Group maintains a conservative approach, ensuring the fixed rate portion continues to dominate the floating rate debt, providing strong protection against interest rate volatility and enhancing stability. The Group has QAR 14.6 billion in cash reserves (net of restricted cash) and QAR 5.4 billion available in undrawn facilities, reflecting a strong liquidity position. Customer base Group customer base stood at 52.0 million, reflecting an increase of 5% YoY, excluding the impact of the Myanmar exit. Including IOH, the customer base reached a total of 147.4 million. Guidance Ooredoo Group is making steady progress towards achieving its FY 2025 targets. Revenue is expected to grow between 2% to 3% with an EBITDA margin in the low 40s% range. Additionally, full-year CAPEX is expected to be within the range of QAR 4.5 billion to 5.0 billion. Operating Companies Q1 2025 highlights Middle East Ooredoo Qatar Reported revenue decreased by 4% YoY to QAR 1,751 million mainly due to lower device sales (-29% YoY), impact of Asian Football Confederation (AFC) revenue in Q1 2024 and data centre carve out. Normalising for the AFC and data centre carve-out impact, revenue declined by 2% YoY. EBITDA reached QAR 928 million for the first quarter, reflecting a 2% decrease YoY on a reported basis. Normalising for the AFC and data centre carve-out impact, EBITDA remained flat YoY. EBITDA margin improved by 1pp, reaching a strong 53%, benefiting from ongoing efforts to improve operational efficiencies. The customer base decreased by 3% YoY to 3.0 million as Q1 2024 included AFC related connections. Ooredoo Kuwait The operation achieved revenue growth of 1% YoY to QAR 766 million driven by an increase in service revenue mainly from higher voice, data and digital revenue. EBITDA expanded significantly by 51% YoY to QAR 259 million with an improvement in the EBITDA margin of 11pp to 34%. Higher service revenue and lower operating expenses contributed to the improvement in EBITDA and the margin. Q1 2024 also included a one-off bad debt provision raised in line with standard company policy. Normalising for the aforementioned one-off bad debt provision, EBITDA increased by 13% YoY. Customer base increased by 2% YoY to end the first quarter with 2.9 million customers. Ooredoo Oman Ooredoo Oman continued to drive momentum in mobile services with ongoing network optimisation, sustaining mobile service revenue YoY. Ooredoo Oman continued to navigate the highly competitive market. Revenue decreased by 3% YoY to QAR 587 million mainly due to lower service revenue. This had a negative impact on EBITDA, which decreased by 7% to QAR 259 million. EBITDA margin dropped by 2pp to 44%. Customer base decreased by 3% YoY to 3.0 million. The operation remains focused on evolving the business in line with its customers' changing needs, launching new 5G initiatives and expanding 5G coverage to strengthen its position and lay the foundation for a resilient FY 2025. Asiacell – Iraq Asiacell continued to build on its growth momentum against the backdrop of a dynamic and expanding market. The operation delivered revenue growth of 8% YoY to QAR 1,312 million driven by an increase in customer acquisitions and a healthy performance in the data segment attributable to higher usage. EBITDA increased by 5% YoY to QAR 591 million due to topline growth which was offset by higher operating expenses. This also impacted the margin, which declined by 1pp to 45%. Asiacell's performance was supported by the 9% YoY growth in its customer base to 19.7 million. Ooredoo Palestine While the economic conditions posed continued challenges, Ooredoo Palestine expanded its customer base by 6% YoY to 1.5 million. Revenue decreased by 3% YoY to QAR 94 million, while EBITDA declined by 4% YoY to QAR 35 million, reflecting the impact of macroeconomic pressures. The EBITDA margin for the first quarter ended at 38%. Ooredoo Palestine continues to support its communities amid the ongoing war and political instability. Notably, the company restored coverage across most of the densely populated areas in Gaza, increasing the number of active sites by over 50%. North Africa Ooredoo Algeria Ooredoo Algeria continued to deliver a strong performance in the first quarter of 2025, building on its successful performance over the past quarters. Revenue grew by 12% YoY to QAR 743 million driven mainly by data, digital and voice revenue growth supported by a high-quality network. EBITDA expanded by 12% YoY to QAR 316 million with a solid EBITDA margin of 42%. The customer base ended at 14.5 million for the first quarter, up by 7% YoY. Ooredoo Tunisia In the first quarter, following the issuance of 5G licences, Ooredoo Tunisia launched 5G products and services in February 2025, responding to a strong market demand for 5G fixed wireless access. The operation achieved revenue growth of 3% YoY to QAR 370 million. This growth was driven by the solid performance in the mobile segment supported by high-quality subscriber acquisitions and enhanced customer value management initiatives. The fixed segment also contributed positively to the topline growth supported by the growing demand for high-speed connectivity across fibre. EBITDA remained stable YoY at QAR 143 million as topline growth was offset by higher operating expenses. The EBITDA margin for the first quarter stood at 39%, a decrease of 1pp. The customer base for the first quarter ended at 6.9 million, reflecting a 3% YoY decline. Ooredoo Tunisia continues to invest in infrastructure to support the growing demand for broadband and ensure quality connectivity. Asia Indosat Ooredoo Hutchison (IOH) IOH, equity-accounted JV, announced its full financial results on 30 April 2025 (IOH). The Q1 2025 performance was impacted by increasing competition in the market. On a YoY basis, Revenue declined by 2%, EBITDA decreased by 1% while EBITDA margin improved slightly by 0.5pp to 47%. Ooredoo Maldives Revenue decreased by 1% YoY to QAR 129 million primarily due to heightened competition in the prepaid market. Operational efficiencies contributed to an EBITDA increase of 1% YoY to QAR 70 million, with an EBITDA margin expansion of 1pp to 55%. Ooredoo Maldives expanded its customer base by 5% YoY to 426k customers. The operation expanded its 5G network coverage to 80% of the population, making it the most extensive in the Maldives. This expansion supports the country's digital transformation by enhancing connectivity, driving innovation, and improving user experience. -Ends- About Ooredoo: Ooredoo is an international communications Company operating across the Middle East, North Africa, and Southeast Asia. It serves consumers and businesses in nine countries, delivering Ooredoo a broad range of content and services through its advanced, data-centric mobile and fixed networks. As of 31 December 2024, Ooredoo generated full-year Revenue of QAR 24 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange. About Syntys: Syntys is a leader in physical and digital infrastructure services, specializing in the design, construction, and management of data centers. With a network of operational facilities across various markets in the MENA region, Syntys serves hyperscalers, colocation wholesale providers, and AI infrastructure deployments, enabling seamless digital growth in the region. Contact: Investor Relations Email: IR@ Follow us on Twitter: @OoredooIR For additional information, including detailed supplemental schedules, financial statements, and details about our investor call, please visit our website at Disclaimer Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of ('Ooredoo Group') cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Ooredoo Group management wishes to further caution the reader that forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected because of risks and uncertainties including, but not limited to: Our ability to manage domestic and international growth and maintain a high level of customer service Future sales growth Market acceptance of our product and service offerings Our ability to secure adequate financing or equity capital to fund our operations Network expansion Performance of our network and equipment Our ability to enter strategic alliances or transactions Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment Regulatory approval processes Changes in technology Price competition Other market conditions and associated risks This document does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in any company within the Ooredoo Group The Ooredoo Group undertakes no obligation to update publicly or otherwise any forward-looking statements, whether because of future events, new information, or otherwise
