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.
Mobile number portability was introduced in its home market Kuwait on 15 June and initial indications showed positive net additions for Zain. Year-on-year customer growth in Kuwait was 11 percent, reaching 2.4 million lines at the end of June. After the launch of nationwide LTE there, data represents 28 percent of revenues.
Zain Bahrain's customer base grew by 36 percent while in Iraq, the customer base was up 8 percent to 13.9 million as operations expanded the network to North Iraq. It said Jordan's operations maintained customer and value leadership through dynamic marketing campaigns while 4G roll-out and aggressive marketing campaigns in Saudi contributed to12 percent customer growth to reach 8.3 million and revenue growth of 12 percent. In South Sudan, the customer base grew by 27 percent while revenues grew by 36 percent in USD terms.
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.
We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry.
3995 AA Houten
Phone: +31 30 6349600
Fax: +31 30 6349699
© 2000 - 2014 Telecom.paper BV. All rights reserved.
Telecompaper is a trademark of Telecom.paper BV. No part of this site can be reproduced without
the expressed permission of Telecom.paper BV. Our General Terms and Conditions can be found here.
Terms and Conditions