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.
More from Business
UAE-based operator group e& said Group CEO Hatem Dowidar will leave his post after six years in charge, ending a tenure marked by structural change an
Samsung shipped 46.6 million smartphones in Europe (excluding Russia) in 2025, taking a 35% share and the top spot in the market, according to researc
Meta has signed a multiyear agreement to buy millions of Nvidia processors to run its next phase of AI infrastructure, extending a relationship that a
Liberty Global will acquire Vodafone Group’s 50 percent share in their Dutch joint venture, VodafoneZiggo, taking full control of the company. The dea
Liberty Global, Telefónica and InfraVia have agreed to buy Substantial Group, the UK fibre network operator better known as Netomnia. The acquisition
Telkom Indonesia is weighing the sale of a large stake in its data centre subsidiary NeutraDC, aiming to raise about US$1.5 billion, according to repo