Ooredoo Maldives Closes Q2 with a Gross Revenue of MVR491 Million

Image Source: Nishan Ali / Mihaaru

Maldives telecom giant Ooredoo Maldives has closed Q2 with a vicious performance of achieving a gross revenue of MVR 491 Million.

In a press release, Ooredoo noted that compared to the same quarter last year, revenue grew due to postpaid,
enterprise and fixed broadband expansion within the regions. The Company achieved a Net Profit of MVR 131
million for the quarter with a Net Profit Margin of 27%.

One of the key highlights from the company’s Q2 is the launch of eSIM; a seamless process which will enable customers, especially tourists to purchase SIM’s before their arrival to the Maldives. Another key highlight of the quarter includes the launch of SuperNet Fiber Broadband services in Gn. Fuvahmulah powered by its fiber-optic network, making Fuvahmulah the first Gigabit City in the Maldives.

The company has also introduced VoLTE HD voice calling services for the first time in the Maldives, which enables customers to enjoy high quality and clarity in voice calls.

Ooredoo says the company is committed to working towards achieving a Digital Maldives and will continue to work for the betterment of communities while enriching the lives of Maldivians through digitalization and innovation.