Senegal-based fixed and mobile operator Sonatel, a 42.30%-owned subsidiary of the Orange Group, has reported consolidated net profit of XOF91.559 billion (USD186.5 million) for the first six months of this year, up 5.21% from the XOF87.019 billion figure reported in January-June 2012. The Group, which also has operations in Guinea, Guinea-Bissau and Mali, said consolidated revenue also improved, growing by 10.3% over the same period to XOF356.824 billion from XOF323.619 billion. The strong performance were driven by a recovery in Mali where Sonatel noted that the resolution of the political crisis there has resulted ‘in positive effects on the macroeconomic situation’, and a return to growth in terms of both subscribers and sales. Further, in Guinea Sonatel noted that Orange has become the market leader with a near 42% market share at mid-2013, as it deployed 58 new cell sites and boosted its user base to over 2.4 million. Meanwhile, in Guinea-Bissau the Group said that ‘despite the instability of the political situation, Orange has taken part of the market share from the main competitor (25% y-o-y) to 2.470 million and Guinea-Bissau (+42%) to 431,196.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors