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Wireless

Asiacell revenue drops 12% in H1 because of dinar devaluation, customer base up 9%

Thursday 29 July 2021 | 09:39 CET | News
Iraqi operator Asiacell reported revenue of QAR 1.7 billion during the first half of 2021, a decrease of 12 percent caused by the 17 percent devaluation of the Iraqi dinar by 17 percent. The EBITDA margin improved to 46 percent, driven by ongoing cost optimisation initiatives.

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Categories: Mobile & Wireless
Companies: Asiacell
Countries: Iraq
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