Ooredoo eyeing acquisition of ICT company

07/12/2016 08:12 AST

Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti and Sheikh Abdulla bin Mohammed bin Saud Al Thani, Chairman of Ooredoo yesterday inaugurated the new server floor at Ooredoo’s Qatar Data Centre.

A special ceremony was organised to mark the 10 years of operations of the Centre which was attended by Sheikh Saud bin Nasser Al Thani, Group CEO, Ooredoo; Yousuf Abdulla Al Kubaisi, Chief Operating Officer, Ooredoo Qatar; Sheikh Nasser bin Hamad bin Nasser Al Thani, Chief New Line of Business Officer, Ooredoo Qatar, VIPs, senior executives, major customers and leading technology experts.

Speaking on the sidelines of the event, Waleed Mohamed Ebrahim Al Sayed, Chief Executive Officer, Ooredoo Qatar, said the company is eyeing acquisition of company from Information and Communications Technology (ICT) sector to speed up its growth.

“We have spent significant amount to build the capability in our Data Centre and also to bring the skills. We are going to acquire one of the largest ICT companies to speed up. We can build from scratch but we are thinking seriously about expanding through acquisition,” said the CEO. “We have different alternative in Qatar and outside,” he said replying to the question of whether the target company is from Qatar or outside the country. The Minister stressed that Qatar Data Centre contributes to the growth of businesses in Qatar by expanding the scope of solutions and technologies that are available to them. “The Ministry of Transport and Communications is focusing its attention on positioning Qatar as a leading nation for the digital economy, and has made significant strides towards achieving that leadership role,” he said.

He stressed the need to intensify efforts to ensure network safety and security across Qatar. He also emphasised that the Ministry is working on enhancing market conditions and making existing and upcoming knowledge-sharing easier, and underlined the Ministry’s support for all projects that will help drive Qatar’s move towards deploying smart solutions.

“Today is a proud day for Ooredoo and for Qatar. The Qatar Data Centre has evolved into the most advanced and sophisticated facility in the region and continues to enable businesses to achieve greater efficiencies and deliver significant success. We will continue to invest in new services and solutions for our customers and look forward to further innovation in the future,” said Sheikh Abdulla bin Mohammed bin Saud Al Thani, Chairman, Ooredoo.

The Peninsula