Sudatel revenues up, profits down

19 Nov 2008

Sudatel has announced a year-on-year fall of 52% in third-quarter net income after auditors required the telco to write off the cost of acquiring customers over a three-year period rather than five, reports Meed. Net income came in at USD43 million on the back of a 14% climb in revenue to USD186 million. Sales were boosted by a 23% increase in wireless subscribers after a carefully targeted campaign to sign up former MTN Sudan customers. MTN was forced to disconnect over a million users after the state claimed the company had breached government regulations.

Sudan,Sudatel (Sudani),



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