Ooredoo holds Capital Markets Day

May 14, 2014 - 7:25:24 am
Senior officials addressing the Capital Markets Day in Doha.

DOHA: Ooredoo, one of the leading international telecommunications service providers in the world, yesterday held its annual ‘Capital Markets Day’ here where the telecom giant’s senior management team updated investors and analysts on the business’ financial and strategic progress of the company based on three key areas of the rapidly growing telecoms market.

Dr Nasser Marafih, Ooredoo’s Group CEO, led presentations by the heads of Ooredoo’s finance, strategy and commercial teams as well as the CEOs of Indosat and Ooredoo Myanmar who provided an update on how Ooredoo is moving its business into the growth opportunities offered by data based products and services under its group strategy: ‘The Ooredoo Way’.

The Ooredoo team presented how the business is planning to generate shareholder value as the telecommunications market rapidly evolves.

Ooredoo’s strategy is now built around three core areas of focus: Leading on Customer Experience; Strengthening Foundations and Accelerating Growth.

The refinement of the group’s strategy will enable Ooredoo to pursue growth opportunities in its traditional markets as well as the new markets being opened up by ubiquitous data access.

In addition, Ooredoo will deliver increasing value to shareholders by pursuing efficiencies across the business through cost optimization and increased network sharing.

Dr Marafih said: “We have made significant progress in our stated strategy since our last update to the capital markets. We discussed with our investors and analysts how ‘The Ooredoo Way’ will generate shareholder value as we shift the business to becoming more data centric.

“We view the rapidly changing telecoms sectors as an opportunity to create growth not only in our current markets but also in adjacent markets such as

B2B and e-commerce where we have already made good progress. Our presentations and discussions with our investors and analysts demonstrated how we are successfully building a business that is increasingly capable of capturing the growth opportunities of a digital world,” Dr Marafih said.

The Peninsula

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