Jordan Telecom reports 2008 results

2 Feb 2009

According to the Jordan Times, Jordan Telecom Group (JTG) grew its customer base to 2.52 million subscribers at the end of 2008, up 3.4% year-on-year. The company said the rise was mainly driven by growth from its Orange internet subscriber base, which reported 55.6% subscriber growth to 102,200. The Orange mobile customer base rose by 2.6% to 1.76 million, while the number of fixed line subscribers was up 0.5% to 663,400. The group’s net profit increased 6.1% to JOD100.3 million (USD142.7 million), while EBITDA was up 5.5% to JOD183.2 million. Revenues edged up 0.9% to JOD401.4 million, while JTG’s operating expenses before depreciation and amortisation declined by 2.7% to JOD218.2 million. Capital expenditure in 2008 amounted to JOD55.8 million, 6.7% lower than the JOD59.8 million in 2007.

Jordan,Orange Jordan,

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