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GTH total revenue decreases 1.7%, mobile data revenue grows 44.8%


: Global Telecom Holding S.A.E. (GTHE), a leading provider of mobile telecommunications in Africa and Asia, announces its unaudited operating results for the second quarter of 2018.
VINCENZO NESCI, CHIEF EXECUTIVE OFFICER, COMMENTS:
“In Q2 2018, GTH continued to add customers and grew by 4.3% YoY, reaching 102.9 million, driven by customer additions in Pakistan and Bangladesh, which was supported by the stabilization of the customer base in Algeria. Total revenue for the period decreased by 1.7% YoY organically2 to USD 693 million. EBITDA grew by 1.2% YoY organically2 to USD 304 million. GTH continued to achieve a solid EBITDA margin of 43.8%, 0.9 percentage point higher YoY. Data revenue showed strong organic2 growth of 44.8% YoY, driven by the increase in data customer base and data usage.
In Pakistan, the environment remained competitive. Nevertheless, Jazz continued to show revenue and customer growth, maintaining its leading position with a YoY organic increase of 4.9% and 5.6% in total revenue and customer base respectively. The country was characterized by political uncertainty ahead of the elections, which led to restrictions on the repatriation of dividends.
In Algeria, trends are improving as customer numbers grew and revenue stabilized QoQ, signalling a turnaround in a challenging market with intense price competition and a regulatory and macro-economic environment which remains characterized by inflationary pressures and import restrictions on certain goods. Revenue decreased by 8.5% YoY, a slightly lower pace of decline compared to Q1 2018 (-9.3%). Data revenue organic growth was 80.7% YoY due to higher usage and a substantial increase in data customers.
In Bangladesh, the market was characterized by accelerated price pressure from competition, though the customer base grew by 4.1% YoY, as Banglalink continued to focus on customer acquisitions by improving the network availability and distribution. The costs related to the network expansion, following the acquisition of 4G/LTE license, coupled with the intense market competition, have affected Banglalink Q2 2018 results.”

Time Added: 2018-08-02 11:29:33
Source: ArabFinance
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