By Sarah Townsend
Company's chief operating officer says customers will get broadband speeds of up to 225Mbps
Ooredoo will provide a high speed 4G+ network across Qatar by the end of 2015, it reportedly said on Sunday.
“By the end of this year, the whole of Qatar will be 4G+”, the company’s chief operating officer Waleed al-Sayed told media after the annual general assembly (AGM) where shareholders approved a 40 percent cash dividend, according to Gulf Times.
Ooredoo’s return on investment from overseas operations is set to be “substantial” in 2015, Al Sayed added.
Areas of Qatar that already have access to 4G+ speeds are the Corniche, West Bay lagoon, Katara, Souq Waqif, Al Rayyan, Shahaniya and Sealine.
With 4G+, customers can reach up broadband speeds of up to 225Mbps, nearly double the average 4G speed in parts of Doha, reported Gulf Times.
The current available Ooredoo 4G speed is up to 150 Mbps.
Ooredoo is understood to also be in discussions with 5G manufacturers, but Al Sayed reportedly told the newspaper the technology is undergoing “standardisation” before being brought to market and there is “no clue of knowing when this process will finish”.
Ooredoo’s focus on data delivered positive returns in 2014, with data revenue now representing 25% of total group revenue, which positions the company well for future growth.
Gulf Times said Ooredoo’s revenue grew 8% year-on-year to QR7.15bn in 2015, predominantly driven by mobile services, broadband, mega-projects and device sales.
Al Sayed said the company will continue to invest in overseas operations from which “we believe return on investments is going to be significant in future”.
In particular, he said, Ooredoo has plans to grow in emerging markets like Myanmar where it is building a large customer base.