By John Lee.

Government measures designed to limit the spread of the COVID-19 pandemic impacted Asiacell‘s results for the half year ended June 30, 2020.

The company reported revenues of QAR 1.9 billion in H1 2020, down 10% compared to the same period last year. As a result, EBITDA declined to QAR 828 million (H1 2019: QAR: 970 million) during the first half of 2020. Asiacell continued to manage costs to absorb the impact of revenue declines by optimising operational efficiency and controlling its marketing spend.

Asiacell’s customer base decreased by 4% to 13.3 million customers at the end of H1 2020, as movement restrictions and curfews were implemented across the country. To help keep communities connected during the COVID-19 pandemic, Asiacell offered its customers data bonus on recharge, doubled their quota on emergency credit and extended the validity of prepaid lines.

The company continued to prepare for the launch of 4G as the Government committed to allow operators to launch LTE services in 2021.

(Source: Ooredoo)

By John Lee.

Mobile phone service Asiacell has reported revenue growth or nearly 2 percent in the first quarter of this year.

In its results for the quarter ended 31 March 2020, the company said:

Asiacell reported revenue growth to QAR 1.09 billion in Q1 2020, up from QAR 1.07 billion in Q1 2019.  The company maintained a healthy EBITDA margin of 44% in Q1 2020, while EBITDA grew to QAR 473 million, marginally up from QAR 471 million reported for the same period last year.  

“Asiacell’s customer base increased by 5% to reach almost 15 million customers at the end of Q1 2020 as the company supported the government’s calls to stay at home by delivering SIMs & scratch cards to customers’ doors through mobile buses. Customers also benefited from extended payment plans during the period to help ease the burden on their personal finances.   

“The company continued to support communities across Iraq by donating to the Iraqi government and to the government of the Kurdistan Autonomous Region to manage the current crisis as well as extending an education campaign across its social media channels and through recorded call announcements encouraging citizens and residents to stay at home.

(Source: Ooredoo)

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 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.

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.

Qatar-based Ooredoo has announced that revenue at its Asiacell subsidiary in Iraq increased 6 percent to QAR 4.5 billion, while and EBITDA increased 3 percent to QAR 2.0 billion, for the year ended 31th December 2017.

EBITDA margin was put at 44 percent.

In a statement, the company said:

A key opportunity in 2017 was restoring our network sites in the liberated areas and helping customers living there to reconnect to our services.

“As a result, Asiacell increased customer numbers by 8% to reach almost 13 million as network recovery advanced in the liberated areas in the north and west of the country.

(Source: Ooredoo)

By John Lee.

Ooredoo Group has reported that to reactivation of its sites in Mosul has contributed to an 11% increase in Asiacell‘s customer base (12.5 million customers) in the first nine months of 2017.

Revenue increased 6% to QAR 3.3 billion, “demonstrating Asiacell’s leadership in the market despite the difficult political and economic situation“, the company said in a statement.

EBITDA also increased 2% for the period, reaching QAR 1.5 billion, positively impacted by the increased revenue and good control of operating expenses. Good operational efficiency and cost control helped to maintain the EBITDA margin at 45%.

(Source: Ooredoo Group)

By John Lee.

Asiacell Iraq has announced 4 percent growth in revenues from QAR 2.1 billion ($570 million) in H1 2016 to almost QAR 2.2 billion ($600 million) in H1 2017.

The customer base increased 13 percent to reach more than 12 million customers in H1 2017.

EBITDA decreased by 3 percent and stood at QAR 972 million due to network investments to accommodate high data demand as well as reconnection cost in the liberated areas.

According to a statement from the company’s Qatar-based owner Ooredoo, growth was stimulated by improvements in the political situation. “With further areas in Mosul being liberated during the first half of the year, network reconnection helped to drive the increase in customer numbers,” it said.

(Source: Ooredoo)