Posts filed under ‘Egypt’
Telecel Globe, a subsidiary of Egypt’s Orascom Telecom, has announced its objectives to develop the mobile network of its newly acquired Namibian subsidiary Cell One by ‘investing hundreds of millions of Namibian dollars, expanding network coverage to reach 90% to 95% of the population in one and a half years, and doubling retail presence over the next year.’ Telecel bought 2G/3G cellco Powercom (trading as Cell One) for around USD59 million earlier this month, from a consortium including Norway’s Telenor.
The Egyptian Company for Mobile Services (MobiNil), Egypt’s largest mobile operator by subscribers, has announced financial results for both the three- and twelve-month periods ending 31 December 2008. MobiNil reported that, for the fourth quarter net profit rose 25% year-on year to EGP551 million (USD100.4 million), whilst revenue increased 24% over the three months to EGP2.64 billion. Earnings before interest, tax, depreciation and amortisation meanwhile surged up 57% y-o-y to EGP1.34 billion in the fourth quarter. Average revenue per user (ARPU) for the fourth quarter declined 8% however, to EGP44 per month, which the operator attributed to its increased penetration of lower revenue market segments. Similar upward trends were also reported for the twelve-month results, with net profit, revenue and EBTIDA rising 8%, 21% and 27% respectively. Global blended ARPU over the year was EGP46, a 15% decline against the 2007 figure.
Etisalat Misr, the Egyptian subsidiary of UAE-based telecoms group Etisalat, has announced that it surpassed its subscriber target for 2008, with the cellco reaching seven million customers by the end of the year, according to online portal MEED. The cellco had set a target of 6.8 million sign-ups by end-2008, and its end of year total represented a 126% rise against the same time a year earlier. Etisalat Misr CEO, Saleh Abdooli, has said that the cellco is now aiming to reach ten million subscribers by the end of 2009, and has claimed that the company is on track to generate its first net profit in 2010.
Egyptian cellco MobiNil has signed a deal with USA-based vendor NetCracker Technology which will see the latter manage the operator’s 3G network. Under the deal NetCracker will provide its Resource Inventory, Discovery & Reconciliation, and Design & Planning modules to provide an integrated view into their network operations. MobiNil has claimed the agreement will allow it to expand value added services offered on its network, as well as reducing costs. MobiNil is Egypt’s largest mobile operator by subscribers, with 18.9 million customers reported at the end of September 2008.