Following the announcement made on 8 September regarding the sale of its Myanmar operations, Ooredoo Q.P.S.C. (QSE: ORDS) (“Ooredoo”) has stated today that the actual financial impact of disposal will be reflected in the financial statements in the quarter in which the transaction is closed.
The timing of closing will depend on regulatory approvals and the financial impact is expected to be non-material at Group level.
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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.