By John Lee. Qatar-based Ooredoo has announced that revenue at its Asiacell subsidiary in Iraq increased 6 percent to QAR 4.5 billion, while and EBITDA increased 3 percent to QAR 2.0 billion, for the year ended 31th December 2017. EBITDA margin was put at 44 percent. In a statement, the company said: "A key opportunity […]
By John Lee. Ooredoo Group has reported that to reactivation of its sites in Mosul has contributed to an 11% increase in Asiacell's customer base (12.5 million customers) in the first nine months of 2017. Revenue increased 6% to QAR 3.3 billion, "demonstrating Asiacell's leadership in the market despite the difficult political and economic situation", […]
By John Lee. Asiacell Iraq has announced 4 percent growth in revenues from QAR 2.1 billion ($570 million) in H1 2016 to almost QAR 2.2 billion ($600 million) in H1 2017. The customer base increased 13 percent to reach more than 12 million customers in H1 2017. EBITDA decreased by 3 percent and stood at […]
In its Q1 results, Ooredoo reports that its Iraqi division Asiacell maintained profitability and data market leadership in what it described as a "challenging economic and political environment". Customer numbers increased significantly by 13% to reach 12 million customers following network reconnection in liberated areas of the country. Asiacell maintained stable revenues of QAR 1.1 […]
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 […]
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 […]
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 […]
In its results for the first half of 2016, Qatar-based Ooredoo said that its Iraqi mobile phone business Asiacell continued to be impacted by the security situation, the challenging economic environment and a decrease of customer purchasing power in Iraq. Revenue stood at QAR 2.1 billion [$577 million], down 15% compared with QAR 2.5 billion […]
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 […]
Ooredoo is expanding its mobile financial services (MFS) following the launch of AsiaHawala exclusively with Asiacell, part of Ooredoo Group, in December 2015. AsiaHawala is the first-ever mobile money service provider to launch in Iraq, licenced by the Central Bank of Iraq. The service enables Asiacell customers to make a number of Mobile Money transactions […]
By John Lee. In its 3Q statement to the markets, Asiacell's owner Ooredoo has said that its overall financial performance was impacted by the security situation in Iraq. Asiacell recorded improved revenue, EBITDA, and Net Profit in Q3 2015 compared to Q2 2015. Asiacell's total customer base stood at 10.6 million at the end of […]
By John Lee. Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June. Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq's two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August […]
