mobile phone Archives - Panorama Insurance Brokers

Covid and Devaluation hit Asiacell Revenues

By John Lee. Mobile phone service Asiacell has reported a sharp drop in revenue, when expressed in Qatari riyals, as a result of the devaluation of the Iraqi dinar. In its results for the three-month period ended 31 March 2021, parent company Ooredoo said: “The Iraqi economy was impacted by weakening purchasing power following the… Read More

Coronavirus Hits Asiacell Revenue

By John Lee. Mobile phone service Asiacell has reported a sharp drop in revenue as a result of the coronavirus (Covid-19) crisis. In its results for the nine-month period ended 30 September 2020, parent company Ooredoo said: “Asiacell’s performance for the first nine months of 2020 was impacted by movement restrictions across Iraq due to… Read More

Covid-19 Hits Asiacell Earnings

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… Read More

Asiacell reports Revenue Growth for Q1

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… Read More

Asiacell Revenue Growth of 3% in 2019

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… Read More

Zain Iraq Profits Up 28%

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… Read More