Jordan Telecom profits fall by 9.5%

28 Jul 2011

Jordan Telecom Group has announced net profits of JOD41.3 million (USD58 million) for the first half of 2011, representing a 9.5% decrease against the same period a year before. The group, which is 51% owned by France Telecom, reduced CAPEX to JOD13.8 million for the January-June period, a reduction of 15.8% compared to H1 2010. Subscriber figures for 1H11 increased by around 12% against the previous year.

According to TeleGeography’s GlobalComms Database, at the end of March 2011, Jordan Telecom was the nation’s second largest cellco by subscribers, sharing the position with Umniah Telecommunications and Technology Company, each with 31.8% of the wireless market. Zain Jordan led by a small margin with the remaining 36.4% of Jordan’s mobile customers.

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