Orascom Telecom - results

Orascom Telecom posts strong results in Asia

Orascom Telecom the parent company of Mobilink has posted impressive Q1- 08 results sustaining its business growth in the Asia region due to sustainable performance by Mobilink in a challenging business environment.

The Egyptian telecom company, a leading player in the Middle East, Africa, Pakistan and Bangladesh regions, posted a strong set of Q1 results with its top line growing 22% reaching $1,295 million. At the EBITDA level, the Orascom growth was even more positive with margins reaching 45.1%
In the Asia region, Orascom Telecom sustained its business growth with strong positive results on net additions, with particular success interventions through Pakistan’s high-performing Mobilink. In a tough and competitive environment, the market leader continues to grow steadily despite recent market acquisitions, fierce competition and a testing time for the country’s pulsating economic climate.

Zouhair A Khaliq, President & CEO, Mobilink while appreciating the commitment of Orascom Telecom to the Pakistan Telecommunication sector said, “Our uninterrupted growth, a strong business revenue model and market sustainability, coupled with ongoing investment in excess of $2.5 billion in technology and infrastructure has catapulted us to the 9th position in Asia-Pacific.”
“Orascom Telecom is one of the most dynamic and fastest growing conglomerates in the world, the company has shown impressive results throughout the year; and the Q1- 08 result of a strong and impressive growth is attributable to the leadership and foresightedness of Naguib Sawiris, Chairman of Orascom Telecom. The group’s commitment to Pakistan, both in telecommunication as well as support for social endeavors is indicative of our long-term goals in this region and globally,” he added.