0
Wireless

Zain Group revenues up 55% in Q3 on Saudi consolidation

Wednesday 7 November 2018 | 15:04 CET | News
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
Middle East mobile operator Zain Group said its revenues increased by 55 percent to KWD 403 million in the third quarter, and EBITDA reached KWD 155 million, an increase of 48 percent year-on-year, giving a 38 percent EBITDA margin. The growth was supported by Zain Saudi Arabia becoming a consolidated subsidiary during the third quarter. This contributed an additional USD 521 million in revenues and USD 194 million in EBITDA for Q3 2018. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Zain Group / Zain Iraq / Zain Kuwait / Zain Saudi Arabia / Zain Sudan
Countries: Middle East
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Zain Kuwait customer base advances 6% to 2.7 mln in Q3

Published 07 Nov 2018 15:46 CET | Kuwait
Zain Kuwait's customer base reached 2.7 million at end 30 September, reflecting a 6 percent annual growth rate. The company ...

Zain Iraq grows customer base to 15 mln in Q3

Published 07 Nov 2018 15:16 CET | Iraq
Zain Iraq's revenues for the first nine months of 2018 reached USD 853 million, a 5 percent increase year-on-year. EBITDA ...

Zain Bahrain reports 32% rise in net profit for first 9 months

Published 06 Nov 2018 10:40 CET | Bahrain
Zain Bahrain recorded a net profit of BHD 3.69 million in the first nine months to 30 September, up 32 percent from BHD 2.79 ...

Zain Saudi revenue lifts 8% to SAR 1.95 bln in Q3

Published 29 Oct 2018 14:34 CET | Saudi Arabia
Zain Saudi Arabia (Zain KSA) said third quatrer revenue increased by 8 percent year-on-year to a record high of SAR 1.95 billion, ...

Zain Group refinances USD 700 mln revolving credit facility

Published 29 Aug 2018 16:23 CET | Middle East
Zain Group said it has closed a USD 700 million, five-year revolving credit facility with a syndicate of regional and ...

Zain revenues flat in H1 on negative forex effects

Published 31 Jul 2018 16:54 CET | Kuwait
Middle East mobile operator Zain's revenues were unchanged at KWD 503 million for the first six months of 2018 compared with the ...

Zain Saudi applies to reduce capital to write off debts and for subsequent increase

Published 09 May 2018 10:35 CET | Saudi Arabia
Zain Saudi Arabia has filed for regulatory approvals of its capital reduction and subsequent capital increase through its rights ...





Calendar   /   Industry Events

19 Jan Netflix Q4 2020
19 Jan Telefonica Germany Strategy Update
21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
::: More Calendar Items