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.

Iraqi Prime Minister Mustafa Al-Kadhimi has promised to have 4G mobile services available in Iraq by the end of the year.

Speaking at a press conference in Basra, al-Kadhimi added that introduction will have an impact on the economy of Iraq.

(Source: Govt of Iraq)

By John Lee.

Iraqi Prime Minister Mustafa Al-Kadhimi has promised to have 4G mobile services available in Iraq by the end of the year.

Speaking at a press conference in Basra, al-Kadhimi added that introduction will have an impact on the economy of Iraq.

(Source: Govt of Iraq)

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.

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)