Ooredoo

What Ooredoo does

Ooredoo Q.P.S.C. is a Qatar-headquartered international telecommunications group operating mobile, fixed-line, broadband, and managed enterprise services across 9 markets (Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, Maldives, and Indonesia via the IOH joint venture), serving 147.1 million customers as of FY 2025. The group is publicly listed on the Qatar Stock Exchange and Abu Dhabi Securities Exchange under ticker ORDS, holds investment-grade ratings of A2 (Moody's) and A (S&P), and is approximately 68% owned by Qatar Government Related Entities.

The company's core technology stack combines 5G radio access networks (Ericsson-deployed in Qatar at 2.3 GHz), 20+ submarine cable systems across 10 landing points in 5 countries delivering 720 Tbps aggregate capacity (FIG cable with Alcatel Submarine Networks), 26+ data centers, and AI-ready GPU infrastructure powered by NVIDIA Hopper accelerators. Ooredoo was the first operator in the world to launch 5G commercially (2018) and now operates an integrated Cloud + AI + IoT + Managed Security stack, including a proprietary CooL-LLM for data center cooling optimization and a Sovereign AI Cloud with local data residency in Qatar. Strategic carve-outs Syntys (data centers), Al Abraj (passive tower infrastructure in Qatar), and Ooredoo Fibre Networks/OFN (international connectivity) constitute a coordinated transformation of the group from a connectivity provider into a digital infrastructure operator.

The business model is anchored in recurring subscription revenue from consumer mobile/broadband and enterprise managed services, supplemented by transaction-based fintech (Ooredoo Fintech/walletii processing over $6B in transactions with 400,000 Qatar users and 21% international remittance share), wholesale carrier services to 700+ global roaming partners, and emerging managed-services revenue from Syntys data centers and OFN connectivity. FY 2025 revenue reached QAR 24.6 billion (~$6.8B, +6% YoY excluding Myanmar exit) with net profit of QAR 3.9 billion (~$1.07B, +12% YoY), marking the fourth consecutive year of double-digit profit growth. The company operates sales-led go-to-market via direct retail stores, e-commerce, dedicated B2B field sales, and channel partnerships, with pricing models ranging from monthly consumer subscriptions to quote-based annual enterprise contracts.

Name

Ooredoo

Legal name

Ooredoo Q.P.S.C.

Website

https://ooredoo.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ooredoo Q.P.S.C. is a Qatar-headquartered international telecommunications group delivering mobile, fixed, broadband, cloud, AI, and managed enterprise services to 147 million consumers and 200,000+ organizations across nine markets in MENA and Southeast Asia.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Services-Telephone Interconnect Systems (7385)

akta.pro primary industry

International Money Transfer Operators (MTOs) (FSAMAIAE)

akta.pro secondary industries

Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Billing, Payments & Subscription Management (MPAHAJAC)

Keywords

• Mobile telecommunications services
• Enterprise cloud infrastructure
• Managed security services
• 5G network services
• International connectivity solutions

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Telecommunications Services: Mobile and fixed-line voice and data services for consumer and business customers across 9 operating markets including Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, Maldives, and Indonesia (through IOH joint venture). Core revenue stream from mobile subscriptions, prepaid services, and data packages.
2. Enterprise/B2B Solutions: Business services including 5G, IoT, fleet management, data hosting, cloud, network infrastructure, and cybersecurity solutions serving over 200,000 organizations. Also includes carrier services, global roaming, and API services.
3. Fintech Services: Digital financial services including mobile wallets, payment solutions, and remittance services. Ooredoo Fintech (OFTI) processing over $6 billion in transactions with 400,000 users in Qatar and 21% market share in international remittances.
4. Data Center Services: Syntys, the carrier-neutral data center company spun off from Ooredoo, provides hyperscale and AI-ready data center infrastructure across MENA region with plans to scale capacity beyond 120MW.
5. International Connectivity Infrastructure: Ooredoo Fibre Networks (OFN) manages submarine cable systems and terrestrial transport fiber, including the FIG subsea cable providing 720Tbps capacity across 7 countries, targeting growth from 3% to 12% of Group revenues.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Ooredoo delivers mobile, fixed-line, broadband internet, cloud, AI, IoT, managed security, fintech, and international connectivity services to consumers and businesses across nine markets in the Middle East, North Africa, and Southeast Asia. The company serves roughly 147 million customers and is repositioning itself from a traditional telco into a digital infrastructure provider through standalone entities for data centers (Syntys), subsea cables (Ooredoo Fibre Networks), and towers (Al Abraj). Revenue is generated primarily through consumer mobile subscriptions, enterprise connectivity contracts, managed services, fintech transaction fees, and data center capacity sales.

Product overview

Ooredoo is a leading international communications company operating across the Middle East, North Africa, and Southeast Asia, serving nearly 150 million customers across nine markets. The company offers a comprehensive portfolio of products and services organized around core connectivity (mobile, fixed, broadband), cloud and AI infrastructure, IoT solutions, managed security, fintech (OFTI), and international connectivity infrastructure. Key products include Ooredoo tv for entertainment, Syntys for data centre infrastructure, Ooredoo Fibre Networks (OFN) for international connectivity including FIG subsea cable, and Al Abraj for tower infrastructure. The company has partnered with global technology leaders including NVIDIA, Google Cloud, Microsoft Azure, Dell Technologies, and Iron Mountain to deliver AI-ready cloud services, GPU-accelerated computing, and sovereign AI capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Syntys: Digital infrastructure company focused on AI-ready hyperscale data centers across MENA region
• Al Abraj
• Ooredoo Fibre Networks (OFN)
• walletii
• Ooredoo tv
• Ooredoo Business

Products and services

• Mobile & Fixed Connectivity
• Cloud & AI for Business
• IoT Solutions
• Managed Security Services
• OFTI (Ooredoo Fintech)
• Syntys
• Ooredoo Fibre Networks (OFN)
• Al Abraj
• Global Roaming Services
• Ooredoo tv
• API Services

Quantifiable outcome

• 20-30% energy savings in data centers through CooL-LLM AI cooling optimization
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability13 records

Feature5 records

Partnerships

17 partnerships are on record, tiered minor and core.

• eCLUTCHminorChannel Partner/ Reseller/ Distributor · 19 May 2026eCLUTCH, the hybrid esports platform powered by iKOMG, announced distribution and content partnership with Ooredoo across MENA markets, expanding its reach to 19 MENA markets through telecom operator distribution.
• ITU Partner2ConnectcoreStrategic or Co-development Partner · 5 March 2026Ooredoo Group pledged USD 500 million investment in submarine and terrestrial optical fibre across the MENA region under ITU's Partner2Connect Digital Coalition at Mobile World Congress 2026, targeting connection of 2.2 billion people still offline globally.
• Dell TechnologiescoreStrategic or Co-development Partner · 18 February 2026MoU signed in Doha to deliver AI-as-a-Service through Ooredoo's Sovereign AI Cloud, powered by Dell infrastructure. Collaboration aims to provide organizations with secure, scalable AI capabilities hosted within locally governed cloud infrastructure in Qatar to drive digital transformation across industries.
• Google CloudcoreStrategic or Co-development Partner · 18 February 2026Expanded collaboration with Google Cloud to accelerate digital innovation and new revenue models, leveraging Google Cloud's infrastructure and AI capabilities across Ooredoo's markets.
• Qatar Development Bank (QDB)coreStrategic or Co-development Partner · 8 February 2026Established 'Digital & Beyond Ventures' investment platform at Web Summit Qatar 2026, evolving joint incubator into jointly owned investment vehicle focused on Qatar-based advanced technology startups. Platform has supported more than 35 startups with QR4 million in investment since 2016, aiming to invest in approximately 10 startups annually.
• Polystar (Elisa Industriq)coreTechnology or Integration · 4 February 2026Framework agreement to deploy advanced mobile and fixed broadband analytics solutions across Ooredoo networks, replacing multiple vendor solutions with unified platform incorporating OSIX Monitoring, Kalix Analytics, and Kalix DataOps capabilities with AI and DataOps integration.
• QvantelcoreTechnology or Integration · 28 January 2026Multi-year partnership renewal with Qvantel following successful full-stack revenue management upgrade using Optiva's real-time charging and billing solutions. Enhanced platform enables Ooredoo Palestine to accelerate time to market, expand product portfolio, and drive data monetization capabilities.
• GSMA AdvanceminorStrategic or Co-development Partner · 30 November 2025Ooredoo gained People Excellence Partner status for its commitment to workforce development, providing employees access to GSMA's accredited courses in areas such as 5G, IoT, and spectrum management.
• UNDPminorStrategic or Co-development Partner · 26 November 2025Launched Digital Policy Framework at GSMA Mobile World Congress in Doha to help Arab States develop inclusive digital policies focusing on digital infrastructure expansion, trust and data governance, and national AI readiness.
• NVIDIAcoreTechnology or Integration · 18 August 2025Cooperation agreement with NVIDIA to deploy AI/HPC GPU accelerators including H200 and A6000 across data centers in five countries including Qatar, Oman, and Kuwait. Ooredoo became the region's first Nvidia Cloud Provider, boosting 26 data centers with AI capabilities and investing $1 billion to increase data center capacity by 65% by 2030.
• SyntyscoreStrategic or Co-development Partner · 9 July 2025Syntys enables Ooredoo's sovereign AI cloud services in Qatar through high-performance, GPU-ready data centers powered by NVIDIA Hopper GPUs with advanced cooling and fault-tolerant design specifically engineered for AI workloads.
• Iron MountaincoreStrategic or Co-development Partner · 3 March 2025Partnership with Iron Mountain to expand data center operations across MENA region, with Iron Mountain providing global operating expertise including specialized advice on design, construction, and daily operations of data centres.
• Iron MountaincoreStrategic or Co-development Partner · 13 February 2025Landmark strategic partnership where Iron Mountain took a minority equity stake in Ooredoo's carrier-neutral data centre company (MENA Digital Hub/Syntys) to expand hyperscale and AI data centre infrastructure across MENA. Partnership combines Ooredoo's local development expertise with Iron Mountain's global operating experience in data centre design, construction, and operations. USD 1 billion investment plan to scale capacity beyond 120MW.
• EricssoncoreTechnology or Integration · 3 February 2025Multi-year partnership for Ericsson to supply and deploy advanced Radio Access Network and Microwave backhaul solutions across Qatar, including nationwide 5G layer deployment at 2.3 GHz spectrum, indoor and outdoor site expansion, multiband microwave backhaul up to 25 Gbps, and spectrum refarming for 4G/5G services.
• Zain Group and TASC Towers HoldingcoreStrategic or Co-development Partner · 11 October 2024Strategic partnership to combine tower assets of Ooredoo and Zain with TASC Towers, creating the largest tower company in MENA with approximately 30,000 towers and enterprise value of USD 2.2 billion. Transaction expected to close in 2024-2025 pending regulatory approvals, with expected run-rate revenues of close to $500 million annually.
• Alcatel Submarine NetworkscoreTechnology or Integration · 10 October 2024Building the Fiber in Gulf (FIG) subsea cable system with Alcatel Submarine Networks, spanning approximately 1,931km with 720Tbps capacity across seven countries including Qatar, Oman, UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, expected to complete Q4 2027.
• stc GroupminorStrategic or Co-development Partner · 9 October 2024MoU to establish strategic collaboration aimed at enhancing the ICT ecosystem and expanding digital services across the MENA region. Partnership leverages combined strengths of both companies to meet growing global demand and support regional digital transformation.

Scale indicators20 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zain Group: Kuwait-based multi-market MENA telecom operator serving 50M+ customers across 8 countries including Iraq, Sudan, Jordan, Bahrain, and Saudi Arabia. Closest direct peer to Ooredoo given overlapping MENA footprint, similar tower carve-out strategy (partnered with TASC alongside Ooredoo), and comparable enterprise/B2B diversification.
• Emirates Telecommunications Group (e&): UAE-based MENA telecom leader (formerly Etisalat) operating across 16 countries in MENA, Africa, and Asia with significant enterprise, cloud, and digital services. Directly comparable to Ooredoo as a major MENA telecom carrier pursuing digital infrastructure and international expansion strategies.
• Saudi Telecom Company (stc): Saudi Arabia's largest telecom operator with regional expansion across MENA through stc Group. Comparable in scale, government ownership structure, and aggressive diversification into data centers, cloud, and digital services including partnership with Ooredoo for MENA ICT ecosystem collaboration.
• Emirates Integrated Telecommunications (du): UAE-based telecom operator offering mobile, fixed, broadband, and enterprise services. Direct business partner as landing partner for Ooredoo's FIG subsea cable in UAE and comparable in scale and service portfolio within a single-country operation.
• Vodafone Qatar: Qatar's second mobile operator and direct domestic competitor to Ooredoo Qatar. Comparable in services offered (mobile, 5G, enterprise, IoT) within the same regulated market, providing direct competitive benchmark for Ooredoo Qatar's performance and pricing.

Broad incumbents

• MTN Group: Larger pan-African and Middle East telecom operator with 290M+ customers across 19 markets. Broader incumbent with overlapping MENA presence and similar emerging market telecom exposure, though with greater Africa-centric footprint than Ooredoo's MENA/Southeast Asia focus.
• Telenor: Norwegian-headquartered multi-market telecom operator with significant emerging market presence across Scandinavia, Asia (Thailand, Malaysia, Myanmar, Bangladesh, Pakistan). Comparable as a multi-market emerging markets operator with similar infrastructure investment approach, though with different geographic mix.

Regional players

• Axiata Group: Malaysian-based telecom operator serving 170M+ customers across Southeast Asia in Indonesia, Malaysia, Sri Lanka, Bangladesh, Cambodia, and Nepal. Comparable multi-market Southeast Asian emerging market operator with similar digital transformation and infrastructure diversification strategy.
• Indosat Ooredoo Hutchison (IOH): Indonesian telecom operator and Ooredoo's joint venture partner with 100M+ customers. Comparable multi-market emerging market telecom operation in Southeast Asia, jointly controlled with Ooredoo holding a significant stake and serving as a key regional operating subsidiary.
• Batelco (Bahrain Telecommunications): Bahrain-based telecom operator with regional MENA presence across Bahrain, Jordan, Kuwait, Saudi Arabia, Yemen, and Egypt. Comparable regional MENA telecom carrier with enterprise and digital services offerings, though smaller scale than Ooredoo.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ooredoo
• YouTubeyoutube.com/ooredoogroup
• Facebookfacebook.com/ooredoogroup
• LinkedInlinkedin.com/company/ooredoo

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ooredoo