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FINANCIAL NEWS
Vodafone Egypt records strong growth in Q2
25 Jul 2010
(MENAFN) The Egyptian unit of Vodafone may have overtaken Mobinil last quarter as the country’s largest provider of mobile phone subscriptions, Reuters reported.
Egypt’s three mobile operators – the third is a subsidiary of Abu Dhabi-based Etisalat – are locked in a pricing spiral as they seek to grab market share before saturation.
Total subscriptions in the most populous Arab country in May declined to 58.3 million in the first monthly drop in seven months, government data released earlier this month showed.
Vodafone Egypt, which had 25.79 million subscriptions at the end of June, gained almost 1.2 million during the second quarter, according to its latest figures.
Mobinil, which is due to issue second quarter results on Tuesday, had 26.12 million subscribers at end-March.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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
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