Tag Archives | Asiacell

The latest Asiacell Iraq News – Zairn, Korek, mobile, telecoms, HP, Sulaymaniyah & more – brought to you by Iraq Business News

Coronavirus Hits Asiacell Revenue

By John Lee. Mobile phone service Asiacell has reported a sharp drop in revenue as a result of the coronavirus (Covid-19) crisis. In its results for the nine-month period ended 30 September 2020, parent company Ooredoo said: "Asiacell's performance for the first nine months of 2020 was impacted by movement restrictions across Iraq due to […]

KAPITA launches Iraqi Angel Investor Network

KAPITA launches the first Iraqi dedicated Angel Network The Iraqi entrepreneurship ecosystem receives a major boost with the launch of the first Iraqi angel investors network KAPITA is launching Iraq's first Angel Investor Network - IAIN ( https://iraqangels.net/ ) that is dedicated to connecting startups with angel investors in order to develop the Iraqi entrepreneurship […]

Covid-19 Hits Asiacell Earnings

By John Lee. Government measures designed to limit the spread of the COVID-19 pandemic impacted Asiacell's results for the half year ended June 30, 2020. The company reported revenues of QAR 1.9 billion in H1 2020, down 10% compared to the same period last year. As a result, EBITDA declined to QAR 828 million (H1 […]

Iraq to Renew Licences of Mobile Phone Companies

By John Lee. At its regular meeting on Tuesday, the Iraqi Cabinet has decided to renew the licenses of mobile phone companies for a period of five years. The offer is conditional on the companies paying 50 percent of their outstanding debt, and agreeing to provide 4G services. (Source: Govt of Iraq)

Asiacell reports Revenue Growth for Q1

By John Lee. Mobile phone service Asiacell has reported revenue growth or nearly 2 percent in the first quarter of this year. In its results for the quarter ended 31 March 2020, the company said: "Asiacell reported revenue growth to QAR 1.09 billion in Q1 2020, up from QAR 1.07 billion in Q1 2019.  The […]

Asiacell Revenue Growth of 3% in 2019

Asiacell reported revenue growth of 3% to QAR 4.6 billion in 2019, despite a flat customer base of 14.2 million customers. The company maintained a healthy EBITDA margin of 45% in 2019 while EBITDA declined slightly from QAR 2.1 billion in 2018 to QAR 2.0 billion in 2019. Asiacell upgraded its entire network to support […]

Asiacell ranked "Best Telco" in Iraq

By John Lee. Asiacell has reportedly been ranked as the best telecom company in Iraq for 2019 at the International Finance Award ceremony in Dubai. According to a press release on PR Newswire, the award was made for the company's network quality and the development of its infrastructure. (Source: PR Newswire)

Video Streaming Service to Enter Iraqi Market

By John Lee. The streaming video on demand (SVOD) service StarzPlay has reportedly entered into a partnership with Asiacell to provide streaming services to all Asiacell’s ‘Unlimited’ monthly package subscribers. Commenting on the partnership, Raghida Abou-Fadel, Vice President of Sales & Business Development at StarzPlay, is quoted as saying: “This latest partnership with Iraq’s Asiacell […]

Regulator "Blocks calls" to Korek Customers

By John Lee. Iraq's Communications and Media Commission (CMC) has reportedly ordered operators to block calls between their customers and Korek users in a dispute over number portability. According to Rudaw, the regulator told mobile network providers that Erbil-based Korek had failed to meet its “contractual obligations” to allow customers to keep their phone number […]