Doha, February 16 (QNA) - Ooredoo Group announced the formation of Ooredoo Fibre Networks (OFN), a new independent entity dedicated to managing and scaling Ooredoo's international connectivity and submarine cable infrastructure ambitions, and the appointment of Khalid Hassan Al Hamadi as its Chief Executive Officer.

In a statement issued Monday, the group confirmed that OFN will serve as the Group's specialised vehicle to execute strategic investments in submarine cables and high-capacity terrestrial transport fibre, a substantial digital infrastructure opportunity offering attractive long-term returns.

The new entity will bundle Ooredoo's expanding portfolio of international connectivity assets and projects under a dedicated platform, strengthening its ability to capture rising demand for resilient, high-performance data routes driven by hyperscalers, cloud providers, and AI platforms.

Ooredoo indicated that it is currently building one of the largest subsea cable and transport fibre networks in the GCC, positioning the Group as a strategic gateway for digital traffic between Europe and Asia. This includes the FIG subsea cable system, under development with Alcatel Submarine Networks and spanning approximately 1,900 kilometres, alongside additional submarine and terrestrial connectivity investments across the region.

Together, these projects are creating a new regional connectivity corridor and a strategic alternative to legacy routes, reinforcing Ooredoo's role at the centre of global infrastructure flows.

Group CEO of Ooredoo Aziz Aluthman Fakhroo said: "International connectivity and subsea infrastructure are already among the most strategic digital assets in the world, and demand is accelerating with AI, cloud, and hyperscale growth. With the formation of OFN, and with Khalid Hassan Al Hamadi at the helm, we are creating a focused platform to scale our investments in fibre and submarine cables, deliver attractive long-term returns, and cement Ooredoo's position as a key data gateway between Asia, the Gulf, and Europe."

"This is a core pillar of our RISE strategy. We have set a clear ambition to grow our international infrastructure and subsea cable business from 3 percent to 12 percent of Group revenues over time, reflecting the scale of the opportunity in global data and AI traffic flows," he added. (QNA)