Posts filed under ‘MobiNil’
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.
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.