Ooredoo's Q2 2014 net income fell 11% YoY to QAR817mln, topping consensus of QAR778mln by 5%.

EBITDA decreased by 11% to QAR3.5bln, below consensus of QAR3.7bln by 5%, implying a 300bps narrower EBITDA margin of 42% versus 45% a year ago.

Revenues reached QAR8.4bln (-3% YoY) in line with consensus of QAR8.5bln as strong performances by the company's businesses in Qatar, Oman, and Algeria were overshadowed by lower contributions from Indonesia, Kuwait, and Iraq.

For H1 2014, Ooredoo's reported a net income of QAR1.7bln (-1.5% YoY).

Consolidated customer base stood at 93.9mn (+2% YoY) with revenues reaching QAR16.5bln (-3%YoY). EBITDA stood at QAR6.9bln (-10% YoY), while EBITDA margin decreased by 300bps to 42% due to lower revenues and the continued investment across the business into customer acquisition and retention, global brand roll-out, service launches and customer experience.

The group continues to invest in its start-up operation in Myanmar and its recovery strategy in Ooredoo Kuwait.

Ooredoo Qatar H1 2014 revenues reached QAR3.5bln (+9% YoY) on increasing focus on business services and the on-going development of the data market, with EBITDA reaching QAR1.7bln (+9 YoY). Customers increased by 9% to 2.99mn.

Indosat – Indonesia net profit for H1 2014 was QAR99mln versus net losses of QAR29mln in H1 2013. Indosat's net profit was partly driven by the sale of its 5% stake in the TBIG tower business and the positive impact of foreign currency as the Indonesian Rupiah appreciated against the US Dollar during the period.