Ooredoo Launches New Wholesale Entity, Ooredoo Global Services

DOHA, Qatar and CHICAGO, May 12, 2014 /PRNewswire/ -- Ooredoo Q.S.C. ("Ooredoo") - Ticker: ORDS.QA today announced the establishment of Ooredoo Global Services (OGS), which will serve as the Group's wholesale arm. OGS is participating in this year's International Telecoms Week (ITW), which will be held at the Hyatt Regency Hotel, Chicago from 11 to 14 May 2014.

OGS now offers a single point of contact for wholesale carriers to access the company's 18 operating companies representing one of the largest Internet peering networks in the Middle East that is interconnected with more than 100 operators, including many of the largest in the world.

The company has appointed Yousuf Abdulla Al Kubaisi to serve as the entity's Chief Executive Officer. He previously served as Ooredoo Qatar's Chief Wholesale and International Officer since 2012. For more than 29 years, Mr. Al Kubaisi has held managerial roles across the company's international infrastructure, business services and regulatory units.

Dr. Nasser Marafih, Group CEO, Ooredoo, said: "Launching Ooredoo Global Services is a natural evolution of our offering as the Middle East and North Africa are continuing to grow and demand for wholesale is rising in this region and across our markets in Southeast Asia. This new entity will allow our wholesale and carrier customers to benefit from a world-class network that serves as a global exchange for voice, capacity, data and roaming traffic. We are confident we can unleash hidden value through consolidation as we expand this service across our operating companies."

Yousuf Abdulla Al Kubaisi, Chief Executive Officer, Ooredoo Global Services, said: "By creating Ooredoo Global Services, we will build on the momentum that we have achieved for the wholesale operations at Ooredoo Qatar. We will aim to provide enhanced connectivity and the delivery of advanced business services for carriers across our operating companies through an integrated approach that will be more efficient and effective for our customers."

Ooredoo was recognized "Best Middle Eastern Wholesale Carrier" at the Global Carrier Awards in 2013 and at the Telecoms World Awards in 2012.

About Ooredoo

Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate East managed services tailored to the needs of consumers and businesses across markets in the Middle, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people's lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named "Best Mobile Operator of the Year" at the World Communication Awards 2013.

The company reported revenues of US$9.3 billion in 2013 and had a consolidated global customer base of more than 95 million people as of 31 December 2013. Ooredoo's shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.

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SOURCE Ooredoo