OOREDOO — Capital/Financing Update 2022

Sep 26, 2022

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For immediate release

Ooredoo Group announces plans to carve out its tower portfolio

Qatar, 26 September 2022

In line with its evolved strategy to shift towards an asset-light model, Ooredoo Q.P.S.C. (QSE: ORDS) (“Ooredoo”) today announced that it is preparing for a potential carve out of its tower portfolio to extract optimal value from its infrastructure and create more value for customers and shareholders.

The company’s tower portfolio comprises about 20 thousand towers spread across the countries where it operates. This transaction will allow the company to work on a deal that is suitable for target markets, attract third tenant business and create efficiencies.

As part of the process, Ooredoo will explore strategic options that will unlock significant capital and maximise value for shareholders.

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About Ooredoo Group

Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of ca. QAR 30 billion as of 31 December 2021. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

ooredoo.com