Aziz Aluthman Fakhroo, CEO of Ooredoo, has welcomed a 4% increase in sales, ahead of expectations. He points out that this is the 15th consecutive quarter of growth for the company, with an EBITDA margin of 43% and net profit up 26%.
Fakhroo confirms the sale of the telecoms towers. In his view, this transaction should generate more cash in the company's accounts. At the same time, the CEO pledged to invest up to a billion dollars in data centres to capitalise on growth in the cloud sector.
He then spoke of the situation in Palestine, where Ooredoo continues to operate despite the difficulties, and in Burma, where the company is in the process of finalising a sale despite the unstable political context.
Finally, the CEO compares himself to his competitors, pointing out that the company benefits from a stable market in the Gulf, and is positioning itself in other high-growth markets such as Iraq, Algeria and Tunisia, which are characterised by a younger population and a growing middle class.
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