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Asiacell 9-mth revenues flat, EBITDA falls 8%

Wednesday 30 October 2019 | 13:36 CET | News
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Iraqi operator Asiacell reported stable revenues of QAR 3.3 billion for the first nine months of the year and a growing customer base, up 6 percent to 14 million customers at end September. While the EBITDA margin was strong at 45 percent, the EBITDA itself fell 8 percent to QAR 1.5 billion due to an increase in costs related to the improvement in network quality, the network expansion, and enhanced sales and marketing activities associated with the increase in the operator's customer base and data traffic.  

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Categories: Mobile & Wireless
Companies: Asiacell
Countries: Iraq
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