Companies / Algeria
Orascom Posts 21% Rise In Regional Subscribers
May 2008 | Company News AlertEgypt-based telecommunications holding company, Orascom Telecom, has announced a 21% year-on-year and a 5% quarterly rise in the number of mobile subscribers it serves in Africa and the Middle East. Excluding its now-divested operations in Iraq, the annual increase would be just over 34%. On the back of the rising number of subscribers, the company has posted a 24% y-o-y increase in net profit.
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