Zain Kuwait FY subscribers up 1% to 2.95 mln, revenue stable

Monday 20 February 2017 | 09:13 CET | News
Zain Kuwait's customer base grew by 1 percent to 2.95 million on 31 December 2016 in a very challenging year that saw intense price competition impact its financial performance. Revenues remained stable at KWD 322 million, EBITDA amounted to KWD 160 million and net income came in at KWD 90 million. Zain Kuwait's EBITDA margin of 50 percent for the year reflects the efficiency drive implemented by the operation, with Zain Kuwait's nationwide 4G network seeing data revenues (excluding SMS & VAS) form 36 percent of total revenues.

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Categories: Mobile & Wireless
Companies: Zain Kuwait
Countries: Kuwait
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