Mubasher: The customer base of Ooredoo Kuwait decreased 8% to total 2.3 million subscribers in the first half ended 30 June 2017, compared to the same period in 2016.
This decline in the number of Ooredoo’s subscribers was affected by intense competition and the overall market conditions, the company said in a recent statement.
Meanwhile, the consolidated customer base of Ooredoo increased by 4% to reach 25.6 million subscribers in H1-17 compared to 24.6 million in H1-16.
Ooredoo achieved a growth of 5% in revenues to KWD 105.2 million in H1-17 from KWD 100.2 million in H1-16, the statement noted.
During the first half of 2017, Ooredoo achieved a rise of 20.8% in profits to KWD 23.3 million from KWD 19.28 million in the same half of 2016, according to a bourse statement issued on Tuesday.
