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 3G, achieving the widest 3G coverage in the country in 2019.

Committed to bringing connectivity to all communities it serves, Asiacell restored service to liberated regions and further expanded to the south of the country.

(Source: Ooredoo)

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)

By John Lee.

The streaming video on demand (SVOD) service StarzPlay has reportedly entered into a partnership with Asiacell to provide streaming services to all Asiacell’s ‘Unlimited’ monthly package subscribers.

Commenting on the partnership, Raghida Abou-Fadel, Vice President of Sales & Business Development at StarzPlay, is quoted as saying:

“This latest partnership with Iraq’s Asiacell underlines our commitment to this strategy, offering enhanced customer service through hard bundled packages for subscribers. We’re also pleased to announce our continued penetration of what is a fast growing and important consumer market as we progress in achieving our expansion plans across the Middle East and North Africa region.”

(Source: broadcastprome.com)

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% to QAR 1.5 billion at 9M 2019, due to an increase in costs related to improvement in network quality, network expansion, and enhanced sales and marketing activities associated with the increase in customer base and data traffic. “

(Source: Ooredoo)

(Picture: Faruk Mustafa Rasool, Chairman of Asiacell)

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% to QAR 1.5 billion at 9M 2019, due to an increase in costs related to improvement in network quality, network expansion, and enhanced sales and marketing activities associated with the increase in customer base and data traffic. “

(Source: Ooredoo)

(Picture: Faruk Mustafa Rasool, Chairman of Asiacell)

The ISIL conflict displaced 6 million people in Iraq, disrupted the national economy and limited employment opportunities for citizens.

Sixty per cent of jobs in Iraq are in the private sector, within Small and Medium Enterprises (SMEs); very large numbers of those businesses experienced loss as a result of the conflict and need support to rebuild.

In Fallujah, for example, an International Organization for Migration (IOM) market assessment found that 69 per cent of construction businesses and 66 per cent of food-related businesses saw their workshops looted or burned between 2014 and 2017. Mosul and numerous other areas also showed high levels of damage and limited access to finance—challenges that EDF is designed to help businesses overcome.

On Monday (05/08), IOM Iraq signed a memorandum of understanding with telecommunications company Asiacell to support innovation under the Enterprise Development Fund (EDF) — a livelihoods programme that contributes to economic recovery and private sector revitalization through tailored support to Small and Medium Enterprises.

The innovation component (EDFi) supports early-stage tech businesses and tech start-ups in Iraq that can contribute to the local economy and create jobs for young people in the tech sector.

“We strongly believe that the engagement of the private sector is a necessary condition for successful and sustainable economic recovery and job creation,” said IOM Chief of Mission Gerard Waite. “IOM Iraq looks forward to a long, productive collaboration with Asiacell, as we work to expand job creation and improve economic opportunities across Iraq.”

“Today marks the start of a strategic partnership between Asiacell and IOM that will bring the EDF-I into effect in Iraq,” added Asiacell CEO Amer Sunna. “Asiacell looks forward to contributing to the development of youth skills and capabilities, and setting the foundation for a powerful and sustainable economy.”

EDF aims to restore essential economic infrastructure by providing financial capital to SMEs in economic sectors that were successful prior to the conflict but suffered loss and damage and have a high demand for labour. By targeting key sectors and providing necessary funding, the EDF encourages rapid but also large-scale job creation. The fund has received hundreds of applications since the pilot phase was launched in September 2018, and 142 business grants have been approved to date.

“After the liberation of Mosul, I sold a small plot of land that I owned and tried my best to reopen my factory,” explained Moufaq Ahmed Mohamed, an EDF beneficiary and owner of an oxygen plant. “I started with only two workers. Later, I received a grant from IOM which enabled me to buy a generator which is crucial to my work.”

“[Before that] I frequently lost hours of work due to sudden power outages,” he continued. “This generator was a boon to my factory; I have been able to produce more, enabling me to hire more people and expand to 11 workers — which means feeding 11 families. This makes me very happy; this kind of support for the private sector contributes to the revival and rebuilding of Mosul.”
EDF forms part of IOM’s work in support of the people and Government of Iraq (GOI) to promote sustainable recovery across the country.

IOM Iraq’s EDF is supported by the USA Department of State’s Bureau of Population, Refugees, and Migration (PRM); the European Commission’s Directorate-General for International Cooperation and Development (DG DEVCO); KfW, the German Development Bank; the Government of the Netherlands; and the United States Agency for International Development (USAID).

(Source: IOM)

By John Lee.

Iraq’s Communications and Media Commission (CMC) has reportedly ordered operators to block calls between their customers and Korek users in a dispute over number portability.

According to Rudaw, the regulator told mobile network providers that Erbil-based Korek had failed to meet its “contractual obligations” to allow customers to keep their phone number when they change service provider, while other providers such as Zain and Asiacell had complied with the regulations.

Korek has called the policy “unfair and unjust” both to customers and companies.

More here.

(Source: Rudaw)

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 2.1 billion for 2018, reflecting better cost efficiencies by the management.

Customer base increased 10% to 14.2 million customers in 2018 period.

Asiacell Iraq also launched its B2B line offering a range of services to address the needs of Iraq’s business community and create a new revenue stream.

(Source: Asiacell)

By John Lee.

Asiacell Iraq has benefitted from improvements in the security and economic situation in the country, according to its parent, the Qatari company Ooredoo.

In its results for the first nine months of 2018, the company said:

With more areas liberated and network restoration underway, Asiacell reported a 3% increase in Revenue to QAR 3.5 billion at 9M 2018, compared to the same period last year.

“EBITDA was up 8% to QAR 1.6 billion, growing at a faster rate than revenue and reflecting good efficiency management.

Customer base increased 6% to 13.3 million customers for the 9M 2018 period, and Asiacell received the prestigious CARE award for its excellence in customer care service.”

(Source: Ooredoo)

(Picture: Faruk Mustafa Rasool, Chairman of Asiacell)

By John Lee.

Asiacell boss Faruk Mustafa Rasool (pictured) has announced a $1.6-billion investment in a new tourist city on Kurdistan’s Lake Dukan.

According to the report from Rudaw, the 3,250-hectare complex will include accomodation, two cable cars, an island, “and many other interesting places”.

The Kurdistan Regional Government (KRG) approved the project, which is is expected to create 26,000 jobs, in 2013, but it was delayed by land disputes and the process of compensating local land owners.

Mustafa is the owner of Asiacell and chairman of Faruk Holding Company.

More here from Rudaw.

(Source: Rudaw)