Ooredoo to spin off international subsea cable infrastructure business

Qatar’s Ooredoo Group is creating a separate company, Ooredoo Fibre Networks (OFN), to take over its international connectivity and subsea cable infrastructure. The new unit will manage, operate and expand Ooredoo’s global fibre and undersea cable assets, separating that business from its retail and domestic operations.

The spin-off is intended to give Ooredoo a more focused structure for handling cross-border capacity and future network upgrades, while the core group continues to run mobile and fixed services in its markets. Details on ownership, timelines and financial terms were not disclosed.