Qtel Group and its Operating Companies to Unify Under New Brand
February 25, 2013 --
MOBILE WORLD CONGRESS, BARCELONA, Spain, February 25, 2013 /PRNewswire/ --
Leading international communications company becomes Ooredoo
Qtel Group, one of the world's fastest-growing telecommunications companies, has announced that it will change its brand to Ooredoo, and that each of its operating companies in emerging markets across the Middle East, North Africa and South-East Asia will adopt the new brand during the course of 2013 and 2014. These companies, in which Ooredoo already has a controlling interest, include brands such as Qtel in Qatar, Indosat in Indonesia, Wataniya in Kuwait, Nawras in Oman, Tunisiana in Tunisia, and Nedjma in Algeria.
The announcement was made by Ooredoo Chairman His Excellency Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani at a special launch event at Mobile World Congress 2013 in Barcelona, Spain. During the event, Ooredoo announced football star Lionel "Leo" Messi as its global brand ambassador, and agreed to support the Leo Messi Foundation as part of the company's continued commitment to making a difference in communities across the world.
"With Ooredoo we have chosen an Arabic word that means "I want", to reflect the aspirations of our customers and our core belief that we can enrich people's lives and stimulate human growth in the communities where we operate," said H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman, Ooredoo. "We believe that young people should be given the life chances that mobile technology can provide; that under-served communities should be able to access the Internet; that every woman should have an equal opportunity to use a mobile phone; and that entrepreneurs and small businesses should be able to receive business services tailored to their needs. Our new brand reflects these beliefs."
The invitation-only launch event included presentations by Anne Bouverot, GSMA Director General; Cherie Blair, Chairman of the Cherie Blair Foundation for Women; and Dr Hamadoun Toure, Secretary General of the International Telecommunication Union (ITU). It also featured the guest appearance of Qatari Olympic medallist Nasser al Attiyah.
Ooredoo has experienced significant growth over the last six years, transforming from a single market operator in Qatar to an international communications company with a global customer base of more than 89.2 million people (as of 30 September 2012) and consolidated revenues of $6.8 billion for the first nine months of fiscal year 2012. Delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses in emerging markets, Ooredoo has been the fastest-growing telecommunications company in the world by revenue since 2006 and its enterprise value has more than tripled since 2005.
Dr Nasser, Group CEO, Ooredoo, said: "We are very excited to become Ooredoo because the new brand signals our readiness to take the company to the next level. It is our belief that we can better serve our global customers by leveraging the combined resources and assets of a strong, unified global business under one brand. We also believe that rebranding now will help us to maintain our momentum in the face of new realities for the industry, signaling our commitment to become a global force."
A number of on-going initiatives, built around its core strategy of differentiating on customer experience, are already taking Ooredoo to the next level. The company has initiated a major modernisation programme across its core network and is investing for the future to deliver high speed broadband as new frequencies and new technologies open up. Ooredoo has been at the forefront of delivering life-enhancing mobile services, such as mLearning in Tunisia to support young people's economic empowerment and mWomen programmes in Iraq and Indonesia. Ooredoo is also providing relevant services to customers who cannot afford smartphones and working with the GSMA to develop more intuitive devices to overcome literacy barriers.
Ooredoo, formerly known as Qtel Group, 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 South-East 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 and Indonesia. The company reported sales of $8.7 billion U.S. dollars in 2011 and had a consolidated global customer base of more than 89.2 million people as of 30 September 2012. Ooredoo's ultimate parent company is Qatar Telecom (Qtel) Q.S.C., whose shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
SOURCE Qtel Group
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