Ooredoo Group revenue falls by 6% to QAR 7.2 bln in Q1

Wednesday 1 May 2019 | 15:52 CET | News
Ooredoo Group revenue decreased by 6 percent year-on-year to QAR 7.2 billion in the first quarter, largely driven by a reduction in handset sales, an industry wide shift from voice services to data services, as well as macroeconomic and currency weakness in some of the company's markets. The increased monetization of its data business, with significant data growth coming from consumer and enterprise customers lifted data revenue to 50 percent of group revenue. Revenue from data contributed QAR 3.6 billion.

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Categories: Mobile & Wireless
Companies: Ooredoo
Countries: Middle East
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