Ooredoo among top 5 telecoms in GCC – The Peninsula

Ooredoo among top 5 telecoms in GCC – The Peninsula

Doha: Ooredoo has ranked third largest telecom company in the GCC in terms of assets in 2021, according to Forbes Middle East.

The Qatari multinational telecom service provider has joined the list of the region’s leading telcos with its total assets valued at $21.2bn by the end of December 2021. It may be noted that Ooredoo also ranked 22nd among Forbes Middle East’s ‘Top 100 Companies in the Middle East in 2021’.

In its annual financial statement, Ooredoo posted a QR30bn revenue for 2021, an increase of 4 percent compared to the same period previous year, mainly driven by growth in its home market Qatar, Indonesia, and Tunisia. Forbes added that the company’s profit reached $288.9m in 2021 compared to $390.5m in the previous year.

More recently, Ooredoo has announced that it will be the ‘Official Global Connectivity Services Provider’ for Qatar 2022. FIFA and the Supreme Committee for Delivery and Legacy has selected Ooredoo to provide global connectivity services to all media rights licensees in Qatar for the upcoming FIFA World Cup, with around 50 broadcasters across the world connecting to its network and the international broadcasting centre in Doha for transport of live video feeds and data.

According to Forbes Middle East,