Ooredoo, a privately owned company headquartered in Qatar, was founded in 1987, employs approximately 25,960 individuals, and reported $6.5B in revenue as of 2024. The company functions as a multinational telecommunications provider, specializing in mobile, wireless, wire line, and content services across domestic and international telecommunication markets, serving both business and residential sectors.

2024 Revenue

Founded

1987

Headcount

30,261

Headquarters

Qatar

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

On October 9, 2026, OFN, Ooredoo Group’s international connectivity arm, announced it signed an agreement with Iraqi fibre-optic infrastructure provider iQ Networks to acquire multiple pairs of dark fibre for transit connectivity across Iraq. This infrastructure aims to address growing connectivity requirements from AI providers, telecom operators, hyperscalers, cloud providers, and data centers. Previously, on October 8, OFN reported this agreement would create a terrestrial corridor across Iraq, linking its Fibre In Gulf (FIG) subsea cable to Turkey and Europe. Also on October 9, Indosat Ooredoo Hutchison, in collaboration with Ooredoo Group, Nokia, and NVIDIA, revealed plans to develop Zankore, an artificial intelligence (AI) infrastructure platform aimed at serving the region. The 1-gigawatt (GW) AI Factory's first phase, with a capacity of approximately 200 megawatts (MW), is scheduled to begin construction in Batang, Central Java, in the first half of 2027. Earlier, on October 8, Ooredoo Qatar, a subsidiary of Ooredoo Group, signed a strategic agreement with McKinsey & Company to support the next phase of its transformation, focusing on digital technologies and artificial intelligence (AI).
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