Mobile increase boosts revenues at Jordan Telecom

A 65% increase of subscribers at the Jordanian incumbent's MobileCom helped offset a fall in fixed-line revenues during 2005.

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By  Alex Ritman Published  February 5, 2006

Revenues at Jordan Telecom Group reached JD352.2 million (US$497 million) last year, up by JD9.7 million in 2004. Official results from the company put net income at JD86.4 million, over double the JD40.3 million (US$56.7 million) recorded a year earlier. The number of fixed and mobile subscribers at the national operator rose by 28%, topping 1.4 million in 2005 from 2004’s 1.1 million. The incumbent put this rise down to the growth in its mobile unit. “Most of the growth resulted from the expansion of the MobileCom subscriber base, which increased by around 65% compared to 2004,” a statement from Jordan Telecom claimed. Earnings at MobileCom rose by 16% during the year, rising by JD16 million because of the increased subscribers base, which almost hit 751,000 at the end of 2005. Jordan Telecom’s ISP, Wanadoo, doubled its revenues to JD2.4 million thanks to a 45% increase in customers. But on the fixed-line, earnings during 2005 fell slightly from 2004, down 2% to JD5.4 million. “This decline was due to lower traffic revenues by 10% to JD19 million as a result of the reduction in international and mobile rates,” the company statement said.

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