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Djezzy posts fall in revenue and EBITDA, as customer losses continue in Q4

Friday 19 February 2021 | 09:17 CET | News
Veon's Algerian subsidiary Djezzy generated revenues of DZD 22.0 billion in the three months to December, down 7.2 percent year-on-year (-5.7% in Q3). EBITDA declined by 8.2 percent to DZD 10.2 billion, while the EBITDA margin contracted half a percentage point to 46.1 percent. The quarter was impacted by the economic slowdown caused by pandemic-related restrictions on movement, said the company, adding to the damaging effects of ongoing price competition and the reintroduction of asymmetry in mobile terminations rates (implemented by the Algerian regulator in November 2019).

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Categories: Mobile & Wireless
Companies: Djezzy
Countries: Algeria
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