Ooredoo Kuwait expands customer base by 7.5 percent in Q3

The National Mobile Telecommunications Co. KSCP Ooredoo now has 23.9 million customers and posted $1.805 billion in nine months of 2015.

The numbers signify a customer growth of 7.5 percent, but a 3.1 percent decrease in net profit compared with $1.863 billion for the same period in 2014.

“Ooredoo Kuwait and its operations (Algeria, Maldives, Oman, Palestine and Tunisia) has delivered strong performance in Q3 2015 recording growth in revenue, EBITDA and Net Income compared to Q3 2014 amid adverse currency movements in some of our markets in 2015,” Saud Bin Nasser Al Thani, the Chairman of the Board, said. “We continued to grow our customer base through the successful execution of our strategy. Our number of customers reached 23.9 million as of Q3 2015, an increase of 7.5 percent compared to the same period last year.”

The digital world continues to grow in Kuwait and the surrounding region, so Nasser Al Thani knows there is room to grow and improve.

“The shift to an increasingly digital world offers significant opportunity for Ooredoo to develop and capture new sources of revenue by delivering innovative and ubiquitous services," he said. "Our data-centric strategy will deliver long-term value for both our customers and shareholders.”