Jordan Telecom grows mobile and internet business

04 November 2008

Growth in mobile phone and internet services has offset a fall in fixed-line revenues at Jordan Telecom in the third quarter.

The group's revenues for the three-month period were JD301m ($424m), up just 0.4 per cent on the JD300m recorded during the same period of 2007.

Jordan Telecom's mobile phone business, Orange Mobile, reported a 6.6 per cent increase in revenues to JD126.9m, while its internet business reported revenues up 51 per cent to JD14.8m.

The company's fixed-line business, which has a monopoly in the Jordanian market, reported a 7.5 per cent fall in revenues to JD150.9m, compared with JD163.2m in 2007.

In its earnings statement, Jordan Telecom said that revenue had fallen due to a drop in fixed-line customer numbers and traffic.

The company's net profits were JD78m, up 6.6 per cent on the previous year.

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