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Ooredoo Q.S.C. (ORDS)

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Tuesday 16 August, 2016

Ooredoo Q.S.C.

Moody's Affirms Ooredoo Outlook Upgraded

RNS Number : 3134H
Ooredoo Q.S.C.
16 August 2016
 

Ooredoo Q.S.C.

 

Moody's Affirms Ooredoo at 'A2'; Outlook Upgraded to "Stable"

 

Doha, Qatar, 16 August 2016: Ooredoo Q.S.C. ("Ooredoo") - Ticker: ORDS - notes Moody's affirmation of Ooredoo's long term corporate credit ratings at 'A2'  with an upgrade to Ooredoo's outlook from "Negative" to "Stable". Moody's latest research update on Ooredoo reflects its expectations that the EBITDA margin and free cash flow improvement derived from Ooredoo's efficiency drive will continue over the next two years.

 

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About Ooredoo

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).

 


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