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 […]
Tag Archives | Telecommunications
The latest Iraq Telecommunications News – mobile phones, Iraqi Communications and more – brought to you by Iraq Business News
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 […]
Zain Iraq Profits Up 28%
By John Lee. Mobile telecommunications company Zain has reported that its Iraqi revenue was stable at USD 1.1 billion last year, despite a competitive landscape and economic and political issues in Zain stronghold regions. Announcing its results for 2019, the company said: "[Zain Iraq] EBITDA grew strongly by 10% Y-o-Y amounting to USD 465 million […]
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)
New Evidence of Corruption in Iraq
By John Lee. Court filings in the United States have reportedly shed new light on corruption in Iraq. Louis Auge, of EU Reporter, writes that two members of Iraq’s Communications and Media Commission (CMC) recieved houses in London in return for their role in the expropriation of over $800 million from French telecom firm Orange […]
Tags: Agility, Barzani, Communications and Media Commission (CMC), Corruption, featured, France, Korek, Kurdistan News, Kuwait, mn, Orange, Telecommunications, United Kingdom, United States
Asiacell Iraq Increases Customer Base, but EBITDA Falls
By John Lee. Asiacell Iraq has reported stable revenues of QAR 3.3 billion for the nine-month period, and a growing customer base, up 6% to 14 million customers at 9M 2019. In its results for the first nine months of 2019, the company said: "While EBITDA margin was strong at 45%, EBITDA was down 8% […]
Zain Iraq introduces Purchase Solution via Facebook
Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook Zain Iraq, the country’s largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and […]
Zain Iraq sees 77% Growth in Net Income
By John Lee. Zain Iraq has posted a growth in net income of 77 percent. In its results statement for Q1 2019, the company said: "Zain Iraq performed exceptionally well in Q1 2019 when compared to the corresponding three-month period in 2018, with revenue reaching USD 262 million, and EBITDA having reached USD 109 million, […]
Kuwaiti Company granted Iraqi Telecom Licence
By John Lee. Kuwait's Qualitynet is reported to have been granted a licence to provide internet, telecommunications and satellite services in Iraq. According to CommsMEA, the move makes it the first Kuwaiti telecommunications service provider to win a service licence in the country. Said Qualitynet CEO Mohammed Nizar Al-Nusif is quoted as saying: "Winning this […]
Kalimat Telecom selects Parallel Wireless
Parallel Wireless has announced that Kalimat Telecom, a subsidiary of Kuwait's Trade Links, has selected Parallel Wireless to build out their mobile broadband network in Iraq. According to the GSMA Mobile Economy: Middle East and North Africa 2018 report, Iraq has only a 52% wireless Internet penetration rate, presenting a great opportunity for telecom service […]
Iraq's Improving Economy Boosts Zain's Results
By John Lee. In its consolidated financial results for the full-year 2018, telecommunications group Zain reports that the improving socio-economic situation sweeping Iraq is providing the much-needed stimulus to support Zain Iraq’s turnaround efforts. The company said in a statement: "The operation performed exceptionally well when compared to the previous year. Revenues and net profit […]
Asiacell Iraq benefits from Improved Security, Economy
By John Lee. Asiacell Iraq has reported that it has benefitted from improvements in the security and economic situation in the country paving the way for network expansion and reconnections. The telecommunications company said its revenue was "stable" at QAR 4.4 billion, compared to QAR 4.5 billion in 2017. EBITDA was up 6% to QAR […]