The story
The company was founded by the government of Qatar in Doha in 1987, initially as the 100% state-owned "Qatar Public Telecommunications Corporation". In 1998 it was transformed into "Qatar Telecom" ("Qtel"), and partially opened to private investment, but in a way that guaranteed continued majority control for the government. It has since become the largest communications operator in Qatar, offering new technologies to the country, including mobile, broadband, digital, and fiber internet services. The publicly traded company has ownership from the royal family, with H.E. Sheikh Abdulla bin Mohammed Bin Saud Al Thani as the company's chairman and Sheikh Saud bin Nasser Al Thani as Ooredoo Group CEO. Waleed Al-Sayed is Ooredoo Group's deputy CEO and Ooredoo Qatar's CEO.
Qtel Group and all its operating companies worldwide were officially unified under Ooredoo Group in February 2013, as part of the company's strategy to combine its assets to form a global business within the telecommunications industry. The name Ooredoo is Arabic for "I Want", chosen "to reflect the aspirations of Ooredoo customers and the core belief that Ooredoo can enrich people's lives and stimulate human growth in the communities where it operates".
Ooredoo transformed from a single market operator in Qatar to an international communications company with a global customer base of more than 114 million customers worldwide (as of September 2015) and consolidated revenues of QAR 24.2 billion for the first nine months of fiscal year 2015.
In 2010 the company upgraded its 3G network in the country and launched its Mobile Money service. By 2012, its network grew with its fiber network that provided services with download speeds of up to 100 Mbit/s, HDTV, and its initial phase of its 4G LTE mobile broadband service. The company's consumer base has grown significantly in recent times, from 1.9 million subscribers in 2008 to 2.5 million in 2012 within Qatar. Its annual revenues increased by QAR 3.5 billion from 2012 to 2013 in a single quarter.
As of 2013, the company unified under Ooredoo Group.
Ooredoo Group was ranked 33rd on Forbes Middle East's 2025 Top 100 Listed Companies.
From Wikipedia’s article on Ooredoo, shared under CC BY-SA 4.0.4
