Standard & Poor’s Affirms Ooredoo at ‘A-’; Outlook Stable
Doha, Qatar, 12 July 2016: Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS - notes Standard and Poor’s affirmation of Ooredoo’s long term corporate credit ratings at ‘A-'. In their latest research update Standard and Poor’s highlights its view of Ooredoo’s significant revenue and EBITDA geographic diversification, its leading market positions and improving leverage in 2016 and thereafter.
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Ooredoo is a leading international telecommunications company delivering mobile, fixed, broadband internet services and corporate managed services to consumers and businesses across markets in the Middle East, North Africa and Asia Pacific. 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, Myanmar and Indonesia. Ooredoo was named “Most Innovative Company of the Year – MEA Region” at the 2015 International Business Awards. Ooredoo reported revenues of USD 8.8 billion in 2015 and had a consolidated global customer base of 117.9 million customers as of 31 March 2016. Ooredoo’s shares are listed on the Qatar Stock Exchange, the Abu Dhabi Securities Exchange and the London Stock Exchange (via global depositary receipts).