Ooredoo Presents New Transformation Program at Capital Markets Day

Doha, June 19 (QNA) - Ooredoo presented an update on Ooredoo Group's new "Get Digital!" transformation program designed to transform the group from a traditional telecommunications company to a digital enabler, at the annual Capital Markets Day. The Capital Markets Day was attended by investors, sell side and buyside analysts, shareholders and other key stakeholders, who also received an update to the company's full year guidance along with the key drivers of growth for the Group. The central theme across the event was Ooredoo's progress towards becoming a digital enabler and the launch of LEAD 2.0, the company's new strategy to achieve its digital ambitions. The strategy relies on digitization to drive growth across all Ooredoo's markets, with a focus on positioning the company as a preferred digital partner with digital operations and digital interactions. The four pillars underpinning the strategy, which include market leadership, performance culture, efficient models, and extend and leverage (B2B / ICT growth and digital partnerships), were explained using examples of their implementation across Ooredoo's operations. Commenting on the LEAD 2.0, Ooredoo Group's Deputy Chief Executive Officer and Chief Executive Officer of Ooredoo Qatar Waleed Al Sayed said: "We have a clear strategy in place to transform Ooredoo Group to a digital enabler by developing and adopting the latest technologies to better serve our customers. Our passion and business are aligned: we use mobile technology as a tool to realize positive social and economic change for our customers and the communities that we serve." The capital markets day featured presentations from Indosat Ooredoo and Ooredoo Oman, highlighting market trends and Ooredoo's competitive position in these two markets. Commenting on Indosat Ooredoo, Chief Operating Officer of Indosat Ooredoo Vikram Sinha said: "Indosat Ooredoo is the second biggest revenue generator for Ooredoo Group. With a robust economy in Indonesia, driving strong consumer demand for telecommunication services, the opportunity is highly promising. Despite regulatory changes in the first half of 2018, which impacted the telecoms business, Indosat Ooredoo quickly returned to growth, with the momentum set to continue." Commenting on Ooredoo Oman, Ooredoo Oman's Chief Executive Officer Ian Dench said: "Ooredoo Oman has performed extremely well capturing 45 percent of the mobile market share in Oman during the first quarter of 2019. We see great opportunities in the country to grow beyond traditional telecommunication services and are focused on building our adjacent businesses and revenue streams by capturing the digital opportunity." Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks. (QNA)