Ooredoo invests USD155m in fixed, mobile networks

Ooredoo Oman has earmarked investment of OMR60 million (USD155 million) for this year, as it seeks to expand its fixed and mobile network infrastructure and enhance service quality for consumers. The Oman Daily Observer quotes the firm’s CEO Greg Young as saying that a ‘substantial amount’ of the funds will be invested in increasing the coverage and quality of its 4G LTE services, adding that by the end of the year, more than 100,000 households will have access to Ooredoo’s high speed fibre-to-the-home (FTTH) network. ‘Next year we will see a further increase to 180,000 households who can enjoy super-fast speeds, as we continue to push our great value-added plans out to the market,’ Young was quoted as saying. The company, which is majority-owned by Qatar’s Ooredoo, reported a total fixed and mobile customer base of 2.841 million at the end of June 2016, an increase of 3.2% from 2.753 million twelve months earlier.