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Ooredoo Q.S.C. (ORDS)

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Thursday 03 September, 2015

Ooredoo Q.S.C.

Ooredoo completes sale of stake in Wi-tribe Philip

RNS Number : 9954X
Ooredoo Q.S.C.
03 September 2015

Ooredoo Q.S.C.


Ooredoo completes sale of stake in Wi-tribe Philippines to San Miguel Corporation


Doha, Qatar, 3 September 2015: Ooredoo Q.S.C. (Ticker: ORDS.QA) ("Ooredoo") today announced that further to its market announcement of 16 July 2015, it has now completed the sale of its stake in Liberty Telecommunications ("Liberty") to Vega Inc., a subsdiary of San Miguel Corporation and a major stockholder of Liberty.   

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About Ooredoo

Ooredoo 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 Southeast 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, Myanmar and Indonesia. The company was named "Best Mobile Operator of the Year" at the World Communication Awards 2013.


The company reported revenues of US$ 9.1 billion in 2014 and had a consolidated global customer base of more than 107 million people as of 31 December 2014. Ooredoo's shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.


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