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News
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MobiNil reports 8% increase in revenues
5 March 2010
As a result of the strong subscriber growth, Egyptian cellco MobiNil witnessed 8% year-on-year increase in its revenues with EGP10.8 billion (USD1.9 billion) for 2009. 9% increase in the EBITDA has also been reported going up to EGP5.1 billion while net income came in at EGP2 billion, up 3%.
The subscriber base of the company stood at 24.1 million at December 31, up from 19.2 million twelve months previously.
Due to the staunch competition between MobiNil and rival cellcos Vodafone Egypt and Etisalat Misr (Nile Telecom), the average monthly ARPU across the year fell from EGP46 in 2008 to EGP39 in 2009.
Nokias Comes with Music service released in Middle East
5 March 2010
Nokias Comes with Music service has been released by the firm in the Middle East, available in the region next month along with its new X6 handset. Users will have access to a music catalog of an estimated four million tracks from international and regional labels by purchasing the new Nokia X6 16 GB Comes With Music edition.
They can download the tracks for free for 12 months, and use across multiple devices including their computer, laptop and MP3 players. 3.2-inch touch display, 16GB of memory, a 5 megapixel camera and a battery life that can play up to 35 hours of music are some of the features of X6.
The service covers eleven regional countries Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestinian Territories, Qatar, Saudi Arabia and the United Arab Emirates.
Thuraya to market mobile satellite handhelds in Egypt
19 November 2008
Dubai-based Thuraya has signed an agreement with i2, one of the largest telecom marketing firms in the Middle East, to market its mobile satellite handhelds in the Egyptian market. i2, which is based in Saudi Arabia and has distribution branches in several Arab, African and Asian markets, will sell and market Thuraya's phones. The partnership, which was signed between Thuraya's Egyptian national SP Alkan Telecom and i2, is expected to stimulate an increasing marketing and sales activity of Thuraya's MSS handhelds among key sectors in the country such as regional travellers, oil and gas, NGOs, tourism and transport.
MobiNil objects suggested cut in interconnection rates
5 November 2008
According to a media report, MobiNil, Egypts leading mobile operator in terms of subscribers has proclaimed that it might accept a drop in interconnection rates, but that levels suggested by the regulator were not reasonable. MobiNil states that changes to interconnection rates between fixed line incumbent Telecom Egypt (TE) and itself should be part of a broader package of changes. Alex Shalaby, Chairman of MobiNil, noted, We are in very serious discussions and I daresay disagreements on points of view with the regulator on a drop they are suggesting for interconnection between the fixed and the mobile networks, and it is understood that the cellco is considering legal action over the ruling. The issue has arisen following a decision in favour of TE by the National Telecommunications Regulatory Authority (NTRA) that changed interconnect prices between fixed and mobile networks.
TE had requested that MobiNil drop its interconnection rates to below EGP0.15 (USD0.03) for termination on MobiNils network, and EGP0.10 to terminate on the fixed line network, disclosed Shalaby. It is antcipated that MobiNil is ready to accept reductions in the interconnection rates but only as a part of a package including measures in the leased line sector, which the cellco has argued is priced higher than its international counterparts.
Orascom Telecom plans a buyback of 23.59 million shares
3 November 2008
Orascom Telecom, Egypt leading mobile operator by subscribers, is planning to buyback nearly 23.59 million shares between November 2 and January 30.
These 23.59 million shares represent 2.3% of companys total shares.
Mobinil posts a subscriber base of 18.91 million at Q3-end
3 November 2008
The Egyptian mobile perator Mobinil posts a net income of $97 million, a rise of 15% in Q308, higher than expected by investment bank EFG-Hermes, which forecasted a drop to $70.32 million. The telcofs EBITDA rose by 29% to $230.80 million.
Mobinil reported a subscriber base of 18.91 million at the end of Q308, a rise of 38%.
Mobinil selects Aircom to plan and implement 3G
21 October 2008
Mobinil selects Aircom International to help plan and implement 3G technology into its existing 2G network. Mobinil purchases the UMTS+HSPA module of the ASSET network planning tool from AIRCOMs ENTERPRISE tool suite, as it seeks to roll out a wide range of 3G services to its subscribers. As well as the 3G module of ASSET, AIRCOM will deliver 3G technology courses and provide a range of training and consultancy services to Mobinils engineers, to ensure a seamless integration into the network.
Orascom in alliance with Western Union launches mobile remittance services
21 October 2008
The Western Union Company today announced that it has created an alliance with Orascom Telecom Holding S.A.E., one of the largest mobile operators in the Middle East, Africa and Asia.
Orascom Telecom and Western Union plan to work together to introduce mobile remittance services in select markets. The services aim to make low-principal, high-frequency remittances more convenient to the millions of consumers who send money every day.
Orascom Telecom, which was established in 1998, operates six mobile networks with a combined total of 77 million subscribers, including Djezzy in Algeria, Mobilink in Pakistan, Mobinil in Egypt, Tunisiana in Tunisia, Banglalink in Bangladesh, and Telecel Zimbabwe in Zimbabwe. In addition, in early 2008, Orascom Telecom acquired a license in North Korea to operate mobile services.
Orascom Telecom mobile networks are in areas with high populations of people who have limited access to financial services, said Naguib Sawiris, Orascom Telecom Chairman and CEO. We believe this alliance, supported by our current mobile subscribers throughout the Middle East, Africa and South Asia, presents an effortless method to bring financial services to many of the worlds families for the first time.
Western Union, together with its affiliates Orlandi Valuta and Vigo, maintains the industrys largest global money transfer Agent network with more than 355,000 locations in over 200 countries and territories.
As the need for remittances continues to grow, so does the desire for new channels to conduct quick, convenient and affordable money transfers, said Gail Galuppo, Western Union Executive Vice President and Chief Marketing Officer. Western Union is already offering this convenience with mobile money transfers from select locations, and we look forward to working with Orascom Telecom to offer this option to their subscribers in the future.
Several of the countries where Orascom Telecom operates are among the top receivers of remittances in the world. For example, according to the World Bank, Bangladesh received US$6.6 billion in remittances in 2007; Pakistan received US$6.1 billion, and Egypt received US$5.9 billion.
The Western Union(R) mobile money transfer service is currently available from select Western Union Agent locations in the United States, the Middle East, Asia-Pacific and Europe to Globe Telecom and Smart Communications subscribers in the Philippines.
The mobile money transfer service connects mobile operators to Western Unions trusted global hub for processing cross-border remittances. Once connected to Western Unions service, mobile operators use their own mobile wallet software to enable person-to-person mobile money transfers over Western Unions global remittance network. The Mobile Money Transfer service enables consumers to transfer money to or from mobile wallets and is being introduced into the global network of Western Union Agent locations for cash-to-mobile and mobile-to-cash transactions.
The agreement with Orascom Telecom is part of the pilot program of Western Union and the GSM Association, a global trade association representing over 750 GSM mobile phone operators, to facilitate the development of cross-border mobile money transfer services.
About The Western Union Company
The Western Union Company is a leader in global money-transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a combined network of more than 355,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union dates back to 1851. For more information, visit www.westernunion.com.
About Orascom Telecom
Orascom Telecom is a leading international telecommunications company operating GSM networks in six high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 440 million with an average mobile telephony penetration of 44% as of June 30, 2008. Orascom Telecom had over 77 million subscribers as of June 30, 2008.
Orascom Telecom is controlled by Weather Investments S.p.a. which also owns Wind Telecomunicazioni S.p.a., Italys third largest mobile operator and second largest fixed-line operator, and Wind Hellas, the third largest mobile operator in Greece.
Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol; and on the London Stock Exchange, its GDR is traded under the symbol.
About Wireless Federation
Wireless Federation is an industry research conglomerate headquartered in London, United Kingdom. The mandate of the Wireless Federation is to provide its members and customers industry knowledge that can further enhance their understanding of the wireless industry. Wireless Federation conducts bespoke research and produces boxed reports in collabaration with Industry Bodies, Telecom Operators for Issues that revolve around ARPU, CHURN and Loyalty.
They have been associated with more than 225 mobile operators globally to set their Pricing/ Tariff Strategies, Go-To-Market Strategies for Mobile Advertising, Mobile Payments, Cutting VAS among others amongst 59 countries globally.
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