Ooredoo Kuwait customer base rises to 2.6 mln in Q3

Wednesday 30 October 2019 | 13:39 CET | News
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Ooredoo Kuwait's customer base increased to 2.6 million at end of September, up by 13 percent from the year before, and driven by a strong uptake in data and voice packages, as well as promotions. Revenues decreased to QAR 2 billion from 2.2 billion, mainly due to a reduction of handset sales. The EBITDA margin for the first nine-months of the year improved to 31 percent from 20 percent, supported by fewer handset sales, better market pricing and a positive IFRS 16 impact. 

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Categories: Mobile & Wireless
Companies: Ooredoo
Countries: Kuwait
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