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Wireless

Ooredoo Kuwait FY customer base grows 12%, EBITDA up 31%, revenue down 5%

Friday 14 February 2020 | 09:29 CET | News
Ooredoo said its innovative product offering enabled it to expand its Kuwaiti customer base by 12 percent to 2.6 million by the end of 2019 compared with the previous year. EBITDA in Kuwait increased by 31 percent to QAR 867 million, supported by an improved product mix, efficiency initiatives and the positive impact of implementing IFRS 16. Revenue was down 5 percent to QAR 2.8 billion in 2019 from 2018 partly due to a reduction in handset sales and to competitive market dynamics. 

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Categories: Mobile & Wireless
Companies: Ooredoo Kuwait
Countries: Kuwait
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