Rating of Egypt's MobiNil has been lowered by Beltone Financial to 'add' from 'buy', reflecting the mobile network operator's exceptionally weak operational performance amidst escalating competition in the market, Reuters has reported. "Due to the expected annual decline in revenues and the tightening margins, we expect net income to come under pressure, affecting the company's payout ratio, and its ability to distribute dividends, negatively," Beltone said.
You might also like...
Oman secures 1.5GW contract renewals
08 May 2024
Oman extends 1GW wind prequalification
08 May 2024
Contractor completes Jeddah stadium early works
08 May 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.