Ooredoo Group
Rank: 8
Sector: Telecommunications
Date of establishment: 1987
Market value : $6.2 billion
Name: Aziz Aluthman Fakhroo
Designation: Managing Director
Ooredoo was founded in 1949 as Qatar National Telecom Service, which built the first telephone exchange in Doha. Today it is an international communications company with a customer base of more than 121 million in 12 countries across MENA and Southeast Asia. Ooredoo has set up more than 70 live 5G sites in Qatar, and it has started to deploy 5G networks in Kuwait and Oman. It recorded $6.1 billion in revenues in the first nine months of 2021. In September 2021, Ooredoo and CK Hutchison agreed to a $6 billion merger of their Indonesian units to create a new entity, PT Indosat Ooredoo Hutchison.