Mobinil revenue growth expected to slow down

14 February 2010

Khalid Ellaicy, Chief Financial Officer of Egypt's Mobinil, has said he expects the telco's revenue growth to slow to 5% this year, due to aggressive pricing promotions. However, he expects subscriber numbers to reach 28 million by the end of year, Reuters has reported. He added that tangible capital expenditure in 2010 will be between EGP2.5bn and EGP3bn ($455m-$547m).

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