Ooredoo Reaches 100 Million Customer Milestone

DOHA, Qatar, March 5, 2015 /PRNewswire/ -- Ooredoo today announced that its customer base has exceeded 100 million people across its footprint in the Middle East, North Africa and Southeast Asia.

Ooredoo achieved this milestone in Q4 2014 according to figures released today, following a year that saw the company grow its customer base in key markets like Qatar, Algeria and Oman, as well as launch operations in new markets like Myanmar.

His Excellency Sheikh Abdulla Bin Mohammed Bin Saud Al Thani, Chairman Ooredoo Group, said: "Ooredoo has always had a clear vision for growth, supported by our prudent investment and development strategy. Reaching this milestone of 100 million customers reminds us how far we have travelled over the past decade, and reinforces the incredible impact that Ooredoo services are having around the world."

Ooredoo operates in markets with an addressable population of more than 700 million people, and sees strong potential for growth across its footprint.

Its newest market, Myanmar, has a population of around 53 million people and a relatively low mobile penetration rate of 27 percent, according to the Ministry of Telecommunications and Information Technology. Within its first month of commercial operations in 2014, Ooredoo reached more than one million customers in the country.

Ooredoo also achieved key milestones in a number of its core markets in 2014, growing its customer base in Qatar to more than three million and reaching more than 3.5 million 3G customers in Algeria within one year of the launch of 3G services.

Ooredoo is showcasing a range of smart technologies – including smart education, smart city and M2M solutions – at the Ooredoo pavilion at Mobile World Congress this week, in addition to highlighting some of its activities that support human growth across its footprint.

"We are confident that Ooredoo's investment in these solutions, as well as bigger, faster networks across our global footprint, will enable the company to sustain its on-going growth and better serve its customers," concluded His Excellency Sheikh Abdulla.

The Ooredoo Pavilion is located at Hall 2 at Mobile World Congress. The event runs from 2-5 March 2015.

About Ooredoo

Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, 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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