The Egyptian mobile perator Mobinil posts a net income of $97 million, a rise of 15% in Q3′08, higher than expected by investment bank EFG-Hermes, which forecasted a drop to $70.32 million. The telco’s EBITDA rose by 29% to $230.80 million.
Mobinil reported a subscriber base of 18.91 million at the end of Q3′08, a rise of 38%.

Wireless Mobile Telecom Wireless News