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OoredooQ.S.C. announced results for the nine months ended 30 September 2016.      



Quarterly Analysis

Nine Month Analysis

Q3 2016

Q3 2015

% change

9M 2016

9M 2015

% change


Consolidated Revenue (QAR m)














EBITDA Margin (%)







Net Profit Attributable to Ooredoo Shareholders (QAR m)







Consolidated Customers (m)







•Revenue stoodat QAR 24 billion: In local currency terms growth in Qatar, Oman, Kuwait, Algeria, Maldives, Indonesia and Myanmar. Excluding Foreign Exchange translation impact, revenues would have increasedby 2% compared to thereportedflat revenue.

•Group EBITDAstable at QAR 10 billion with an improved EBITDA margin of42%, indicating an improvement in operational performance from 9M 2015 (41%). Excluding Foreign Exchange translation impact, Group EBITDA would have increased by 3% year-on-year.

•Group Net Profit to Ooredoo shareholders increased by 4% to QAR 1.8billion driven by strong contributions from Qatar, Oman, Indonesia, Algeria and Maldives.9M Net Profit results benefitted from Foreign Exchange gains, which have been partially reversed again by FX losses in Q3.

•Continued strong data growth from consumer and enterprise customers: data revenue increased to 39% of Group revenue. Revenue from data contributed QAR 9.4billion in 9M 2016.

•Group B2B revenue increased to 17% of Group Revenue or QAR 4.1 billion for 9M 2016 reflecting Ooredoo's ongoing investment in services for business customers.

Operational highlights:

•Customer base increased by 16% to reach almost 133 million driven by strong growth in Indonesia, Myanmar, Oman, Iraq, Tunisia, Algeria, Maldives and Palestine.

•Ooredoo continues to be a data leader in its markets: first telecom provider to launch 4G services in Myanmar (May 2016), 4G roll-out started in Algeria (post period October 2016). 4G networks are now available in 8 of Ooredoo's 10 markets.

•Ooredoo Group hosted a Capital Market Day in Doha, Qatar in September 2016. Investors and analysts met with Ooredoo's senior management to discuss the company's strategy and key operational developments, as well as sector dynamics.

•Ooredoo Group appointed Mr. Hendrik Kasteel as Chief Executive Officer of Ooredoo Algeria in August 2016 and Mr. Jorgen Latte, currently Chief Financial Officer Ooredoo Oman, as Acting Chief Executive Officer of Ooredoo Oman in October 2016.

•In October 2016 Ooredoo Maldives Plc. announced plans to offer a portion of its equity for sale to local and international investors, following its initial listing on the Maldives Stock Exchange next year.

Commenting on the results, H.E. Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chairman of Ooredoo, said:
""Ooredoo has produced good results for the past nine months, delivering healthy profitability levels and value for its shareholders. In Q3 we have seen a positive trend for Revenue and EBITDA. We are successfully implementing our digital strategy and delivering world class infrastructure and innovative products, which helped us increaseour customer baseby 16% to reach a total of almost 133 million. A recognized market leader in our core markets, we are the first telecom provider to launch 4G services in Myanmar and we have just started the 4G roll-out in Algeria, with8 out of 10 of our operations now operating4G networks. We believe we play a crucial role in connecting and developing the citizens of emerging economies where we operate and are proud to be making good progress in this area.""

Also commenting on the results, H.E. Sheikh Saud bin Nasser Al Thani, Group Chief Executive Officer of Ooredoo said:
""Our strategy to optimize efficiencies across a consolidated portfolio resulted in improved financial results for the period. Our focus on efficiencies delivered an improved Group EBITDA Margin of 42%.

Our financial performance has been stable over the course of the past nine months, with a robust group Revenue of QAR 24 billion and a strong Group Net Profit attributable to shareholders of QAR 1.8 billion, driven by strong contributions from Qatar, Oman, Indonesia, Algeria and Maldives.

Ooredoo Qatar produced a positive performance in terms of Revenue and Net Profit. Both Ooredoo Oman and Ooredoo Kuwait delivered strong results with growth in Revenues and EBITDA.

Indosat Ooredoo is growing revenuealmost in double digits with a positive Net Profit, reflecting continued operational improvements and a stabilization of the Indonesian Rupiah.Ooredoo Myanmar gained market share over the past nine months, with market penetration reaching more than 80% out of 54mn population, supported by the launch of additional affordable 3G handsets and the introduction of 4G in May 2016.

Data growth across the business has been strong, reflecting our ability to deliver highly valued data services to our customers across our best in class data networks. Data as a percentage of group revenue is now 39%, compared to 35% for the 9M 2015.""

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