Ooredoo

Stock performance

History

Ooredoo was established as Qatar's state telecommunications monopoly, known for most of its history as Qtel, before rebranding to Ooredoo in 2013 as part of a broader push to establish a unified international brand across its expanding operations, which grew to span the Middle East, North Africa, and Southeast Asia through acquisitions including Indosat in Indonesia and Wataniya in Kuwait and elsewhere.

Business model

Ooredoo provides mobile, fixed-line, and digital telecommunications services across Qatar and an international footprint spanning more than a dozen countries across the Middle East, North Africa, and Southeast Asia, funded substantially by Qatari state gas wealth invested in international telecom expansion.

Market position

Ooredoo is one of the largest telecommunications groups in the Middle East and North Africa region, with significant additional operations in Southeast Asia through its Indosat Ooredoo Hutchison joint venture in Indonesia, giving Qatar an outsized international telecommunications footprint.

Country impact

Ooredoo is one of the largest and most internationally significant companies in Qatar, and like Qatar National Bank, its extensive international expansion reflects the country's broader strategy of using gas-export wealth to build globally significant companies well beyond what its small domestic market alone would sustain.