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MTN Syria service grows 24% in first 9 months, EBITDA margin falls

Friday 30 October 2020 | 13:21 CET | News
MTN Syria grew service revenue by 23.9 percent in the first nine months to 30 September, driven by growth in voice revenue of 9.6 percent and data revenue of 33.5 percent. The EBITDA margin declined by 15.4 percentage points to 23.2 percent as a result of a material devaluation in the local currency, which put pressure on foreign-denominated operational expenditure.

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