Ooredoo Denies Market Speculation about Selling Stake in Indosat

Doha, September 21 (QNA) - Ooredoo confirmed on Wednesday it has no intention of selling its interest in Ooredoo's Indonesian subsidiary, Indosat Ooredoo. Ooredoo was responding to recent media speculation regarding Indosat 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. It 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. (QNA)