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.

Court filings in the United States have reportedly shed new light on corruption in Iraq.

Louis Auge, of EU Reporter, writes that two members of Iraq’s Communications and Media Commission (CMC) recieved houses in London in return for their role in the expropriation of over $800 million from French telecom firm Orange and Kuwaiti logistics company Agility.

The companies had initially invested the money in Kurdistan-based mobile phone operator Korek, via a joint venture.

More here.

(Source: EU Reporter)

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)

Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook

Zain Iraq, the country’s largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and among the first 10 providers to do so worldwide.

The service, which is available on Android devices, and via the portal on iOS phones, was introduced by Zain Iraq in coordination with Facebook.

Ali Al Zahid (pictured), Zain Iraq CEO, commented:

“Zain wants its services to be as convenient as possible by providing the best customer experience. Being the first operator in the Middle East to launch this solution gives us tremendous confidence that we are building the next positive differentiator in our market.

“Our business is evolving, with customers in search of simple solutions that are easy to use, and which fit neatly into their daily lives. I am extremely proud of our team who cater to every need of our 16-million customers.”

Facebook is extremely popular in Iraq, numbering over 20 million accounts. Zain Iraq counts the highest number of Facebook phone users in the country with over 5 million  followers, according to figures from the social media platform.

(Source: Zain)

Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook

Zain Iraq, the country’s largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and among the first 10 providers to do so worldwide.

The service, which is available on Android devices, and via the portal on iOS phones, was introduced by Zain Iraq in coordination with Facebook.

Ali Al Zahid (pictured), Zain Iraq CEO, commented:

“Zain wants its services to be as convenient as possible by providing the best customer experience. Being the first operator in the Middle East to launch this solution gives us tremendous confidence that we are building the next positive differentiator in our market.

“Our business is evolving, with customers in search of simple solutions that are easy to use, and which fit neatly into their daily lives. I am extremely proud of our team who cater to every need of our 16-million customers.”

Facebook is extremely popular in Iraq, numbering over 20 million accounts. Zain Iraq counts the highest number of Facebook phone users in the country with over 5 million  followers, according to figures from the social media platform.

(Source: Zain)

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.

Kuwait’s Qualitynet is reported to have been granted a licence to provide internet, telecommunications and satellite services in Iraq.

According to CommsMEA, the move makes it the first Kuwaiti telecommunications service provider to win a service licence in the country.

Said Qualitynet CEO Mohammed Nizar Al-Nusif is quoted as saying:

Winning this licence comes after an extensive study of the needs of the Iraqi market, the estimation of investment volumes and feasibility studies for the establishment of infrastructure, and will complement our strategic plan for regional and international expansion.

“Our experts are currently working on deploying the network and infrastructure to provide our services to our customer base across Iraq, and to provide the network with point-of-presence devices through Qualitynet Iraq, for which it was officially established.

(Source: CommsMEA)

(Picture credit: Tasnim, under Creative Commons licence)