MTN Syria grows FY revenue 4.7%, nears 6 mln customers

Thursday 3 March 2016 | 15:51 CET | News
MTN Syria's revenue rose by 4.7 percent to SYP 55.86 billion in 2015, mainly as a result of strong data revenue growth. Data revenue increased by 22.8 percent and contributed 27.7 percent of total revenue, and the company estimates it had a market share of 41.8 percent. MTN Syria increased its subscriber base by 1.9 percent to 5.9 million at year-end. Amid the deteriorating conditions in the country, the mobile operator expects only modest customer growth this year, of around 50,000 new subscribers. In 2015, the EBITDA margin declined by 1.2 percent points to 17.7 percent, while capex

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Categories: Mobile & Wireless
Companies: MTN Syria
Countries: Syrian Arab Republic
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