Jordan Telecom posts an increased mobile market share of 34.2% (Jordan)Jordan Telecom, in 2007 was rebranded its activities into the Orange brand. In 2007, the group also made it’s first foriegn investment by acquiring a 51.0% stake in Lightspeed Bahrain. Net profit for the group rose to JD94.5mn in 2007 compared to JD86.9mn in 2006.
In H1′08, the consolidated revenue showed a minor increase of 0.3% to reach JD196.3mn, compared to JD195.7mn recorded last year.The revenue for Orange Internet and Orange Mobile increased by 31.4% and 10.1% respectively, the 9.4% decline in revenues from the fixed line segment which forms 50.0% of the group’s revenues brought down the group’s top-line in 1H-08.
EBITDA grew by 7.5% to reach JD90.7mn, with an EBITDA margin of 46.2% compared to an EBITDA margin of 43.1% reported in the comparative period in 2007. Operating expenses declined by 5.2% in 1H-08.
EBITDA margin for the fixed segment improved to reach 46.9% in 1H-08 compared to 41.6% in 2007 due to the decline in interconnection costs and the recovery of bad debts. Orange Mobile saw an improvement in EBITDA margin from 37.2% in 2007 to 37.4% in 1H-08. Also, Orange Internet EBITDA margin moved from 14.9% in 2007 to 15.3% in 1H-08.
Net profit in H1′08 increased by 12.1% to reach JD52.1mn compared to JD46.5mn recorded in 2007.
Despite intense competition in the mobile market, the group posted an increased market share from 32.4% at the end of 2007 to 34.2% in 1H-08 Orange fixed was able to maintain its 98% market share of fixed lines, while Orange Internet dominated 50.0% of the internet market, with both segments recording no change from year end 2007.
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