Tag Archives | mobile phone

Zain expects Improved Performance in Iraq

By John Lee. Zain Group Vice-Chairman and Group CEO, Bader Al-Kharafi (pictured), has said that he anticipates improved performances in Iraq, “where several tax and litigation issues have been resolved and the new leadership there can now focus on driving the business.” In its results announcement for Q1, the company added: “Despite the initiation of […]

Wikipedia “Data Free” in Iraq

Today, Wikimedia community members in Iraq, the Wikimedia Foundation, and Asiacell, one of Iraq’s largest mobile operators, announced a new partnership to provide access to Wikipedia free of mobile data charges to Asiacell’s nearly 12 million subscribers in Iraq. The partnership was announced today at a press event hosted by Ooredoo during Mobile World Congress […]

Asiacell Revenues Fall 14%

By John Lee. Qatar-based Ooredoo has announced that its Iraqi unit Asiacell has maintained its No.1 revenue market share position, but its revenues have fallen 14 percent: In its FY 2016 Earnings Statement the company said: “Despite economic and political challenges in Iraq, Asiacell maintained its revenue and data market leadership. Asiacell successfully reactivated service […]

GTH ordered to pay $60m to Atheer

Global Telecom Holding (GTH), an Egyptian joint stock company, today announces that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings against Orascom Telecom Iraq Ltd. (OTIL) and GTH in relation to a dispute arising from 2007 sale of Iraqna, OTIL’s Iraqi mobile subsidiary, to Atheer. Pursuant to […]

Zain Iraq Revenues Fall 11%

By John Lee. Kuwait-based telecommunications group Zain has said that revenues at its Iraqi unit fell by 11 percent in 2016. In its full-year results, the company blamed “exceptional circumstances” with revenues for the full-year reaching USD 1.1 billion, and EBITDA reaching USD 394 million, down 18 percent, with a net loss of USD 5 […]

“Dysfunctional Banking System” affects Asiacell Business

By John Lee. In its results for the first nine months of the year, Qatar-based Ooredoo said this morning that business at its Iraqi subsidiary Asiacell is still affected by the political and economic situation in the country, a “dysfunctional banking system“, and VAT impact. Despite these challenges, Asiacell maintained its revenue leadership in the […]

Sales Tax continues to hamper Zain Iraq

By John Lee. Zain Iraq has said that the exceptional socio-economic circumstances in Iraq have hampered the company’s financial performance, with revenues for the period reaching $804 million and EBITDA reaching $284 million. Net income amounted to $29 million, with the EBITDA margin standing at 35.3 percent. Data-related revenues formed 9 percent of overall revenues […]

Ideal Payments Launches Mobile App in Iraq

Banking Technology reports that Ideal Payments has teamed with Taif Money Transfer to launch Iraq’s “first” mobile payments app – Taif eWallet. The platform aims to create a “holistic payments ecosystem” used by multiple agents in the economy including retail merchants, ecommerce platforms, private companies, and government institutions. Ideal Payments’ local partner, Taif Money Transfer, […]

Business Declines at Zain Iraq

By John Lee. Kuwait-based Zain has announced a significant drop in its mobile phone business in Iraq in the first half of 2016. The exceptional socio-economic circumstances facing the operation saw Zain Iraq’s financial performance hampered, with revenues for the period reaching USD 536 million, a decrease of 11% Y-o-Y, and EBITDA reaching USD 194 […]

New Sales Tax hits Zain’s Income

By John Lee. Zain Group has said that continued social unrest in Iraq, coupled with heightened levels of price competition and implementation of a new 20 percent sales tax on mobile services, as well as wide-ranging tax increases on other sectors in Iraq, have hit spending on mobile services. The company said that this has […]

Asiacell Revenues Sharply Down

As part of its results statement for the twelve months to 31st December 2015, Qatar-based Ooredoo gave the following update for its Asiacell mobile telecom operation in Iraq: “Asiacell was impacted by the security situation in Iraq and aggressive pricing competition in the first half of the year. Consequently, revenue was down 22% to QAR […]