Ooredoo: Discussions underway to reduce internet prices

Ooredoo Maldives board members are pictured at the company's annual general meeting on March 2, 2020. (Sun Photo/Fayaz Moosa)

Ooredoo has confirmed that talks are currently underway with the government to reduce the price of internet services in the country.

Managing Director and CEO of Ooredoo Mr. Najib Khan was responding to a question by a shareholder at the annual general meeting of the company when he said so.

“It is difficult to say how much we can reduce the prices at the moment,” said Mr. Khan. He added that the effects of such a reduction would impact the profits of the company and its shareholders as well.

“It will affect the taxes we pay to the government and the license fees. Dividends will also be affected. We are trying to reduce the effect on the company with a viable proposal to the government to reduce the prices.” said Mr. Khan.

Ooredoo started its operations in the Maldives in 2005 and has expanded its services since then.