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.

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 (43% EBITDA margin) based on the operational transformation program.

“Accordingly, the operation reported a net profit of USD 63 million for 2019, up 28% Y-o-Y. Zain Iraq’s focus on customer experience, services expansion across the country and cost transformation combined with growth of data and digital revenue were key drivers of this exceptional performance.

“Retention and customer loyalty initiatives also resulted in the company serving 15.7 million customers.

(Source: Zain)

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.

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)

By John Lee.

Asiacell Iraq has increased its customer base by six percent in the first six months of this year, according to its parent, the Qatari company Ooredoo.

In its results for the first half of 2019, the company said:

Despite intensifying price competition, Asiacell maintained stable revenues of QAR 2.2 billion during the first half of 2019 as compared with the same period last year.

“EBITDA declined 9% to QAR 970 million, impacted by costs incurred for network upgrades and expansion as Asiacell continues to increase its reach and capacity in order to meet the data demand of its customers.

“Asiacell’s customer base increased 6% during the first half of the year to 13.9 million, a result of network expansion and enhanced sales and marketing activities.”

(Source: Ooredoo)

(Picture: Faruk Mustafa Rasool, Chairman of Asiacell)

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, up 13% Y-o-Y and reflecting an EBITDA margin of 42%.

“The operation reported a net profit of USD 14.2 million, up 77% on the USD 8 million profit recorded in Q1 2018.

“The operator added 1.5 million customers (up 10% Y-o-Y) to reach 16 million and witnessed significant growth in data revenue, as well as profitable progress in the enterprise (B2B) segment.

(Source: Zain)

(Picture: Bader al-Kharafi, Vice Chairman and CEO of Zain)

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)

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  providers in that market.  Poor infrastructure and high operating costs are currently stunting development.

Kalimat recognized the inflexibility of legacy cellular solutions to bring digital services to the Iraqi population that is hungry for digital services.

Parallel Wireless says that its fully-virtualized HetNet and core solutions enable Kalimat to deploy a distributed virtualized mobile broadband network delivering consumer and enterprise wireless services across the region cost-effectively and on an accelerated timeline.

(Source: Parallel Wireless)

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)