Orascom revenue up 36 percent as subscribers nearly doubleOrascom Telecom Holdings reported revenues up 36 percent to USD 2.06 billion in the first half, compared with USD 1.51 billion in the year-earlier period. The growth is mainly due to a 93 percent increase in subscribers to 35.32 million at the end of June from 21.21 million a year earlier. The group’s GSM revenue increased to USD 1.85 billion from USD 1.32 billion, the remainder coming from other telecom and internet services. Orascom’s Algerian mobile subsidiary Djezzy accounted for 35 percent of sales, followed by Mobilink Pakistan with 24 percent, Iraqna with 13 percent and Mobinil with 10 percent. Group EBITDA grew to USD 918.66 million from USD 653.08 million, and net profit increased to USD 331.14 million from USD 295.29 million.
Source- http://www.telecompaper.com/
Technorati : GSM, Iraqna, Mobinil, Orascom
Ice Rocket : GSM, Iraqna, Mobinil, Orascom
