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Zain subscribers up 7% to 44.4 mln
2013-07-29 11:07:00| Telecompaper Headlines
(Telecompaper) Zain Group added 3 million new active customers over the past twelve months to serve 44.4 million as of 30 June, reflecting a 7 percent growth rate. For the first six months of 2013, the Middle East mobile operator's revenues reached USD 2.12 billion, EBITDA totaled USD 935 million, and the EBITDA margin was 43.3 percent. Net income reached USD 397 million or USD 0.10 per share. The group said adverse currency effects predominantly in Sudan cost the company the equivalent of USD 347 million in revenues, USD 150 million in EBITDA and USD 80 million in net profit for the six-month period. Group data revenues (excluding SMS and VAS) saw healthy 19 percent growth, with data now 13 percent of all Zain's revenues.
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Category:Telecommunications