27 Apr 2010
(MENAFN) Egyptian mobile phone company Mobinil said that it made $64 million net in the first quarter, down 2 percent from a restated figure from a year earlier, Reuters reported.
Mobinil added 767,000 subscribers during the quarter for a total of $4.7 million by end-March, and that average revenue per user (ARPU) had dropped 18 percent on a year earlier to $5.77 per month.
The telecom firm, which leads Egypt’s competitive mobile market by subscribers, said that its revenue was $460 million, versus $450 million in the same quarter a year earlier.
Mobinil’s Chief Executive, Hassan Kabbani, said that the first quarter has been hurt by the effects of the global economic turmoil, adverse regulatory conditions and intense competition pressuring down prices. Kabbani also expected that the Egyptian mobile market will see a high level of maturity this year.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more