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Vodafone Egypt revenues reach €228m in Q1 2017 - Daily News Egypt

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Vodafone Egypt revenues reach €228m in Q1 2017

The company attracts 28,000 new ADSL subscribers during Q2 2017


Vodafone Egypt’s revenues rose to €228m in the first quarter (Q1) of fiscal year (FY) 2017, compared to €224m in Q1 of FY 2016, an increase of 6.8%. Vodafone’s FY begins on 1 April and ends on 31 March.

Nevertheless, the company attracted about 900,000 new subscribers in Q2 of 2017, bringing its customers to 41.8m at the end of June, compared to 40.9m subscribers by the end of March 2017.

The new customers include 97,000 subscribers to postpaid schemes and 800,000 prepaid subscribers.

According to the international company, the average return from a Vodafone Egypt user amounted to EGP 33.6 per month during Q2 2017. The average return from postpaid users amounted to EGP 92.5 per month, and about EGP 29 per month from prepaid users.

In addition, Vodafone also gained 28,000 new subscribers to high-speed Internet services ADSL during Q2 of 2017 bringing the total customers to 329,000 subscribers by the end of June 2017, compared to 301,000 subscribers by the end of March 2017.

Mobile data consumption reached 49.404 terabytes during the Q2 of 2017/18, compared to 42.325 terabytes in Q1 of this year.

The Vodafone Group reported a rise in revenues to €11.47bn in Q2 of 2017/18 compared to €11.34bn in Q4 of FY 2016/17, up by 1.1%. The local mobile unit accounts for about 2% of the total revenues of the head group.

Vodafone Egypt has been licensed to provide fourth generation services (4G) in Egypt for $335m, 50% of which has been paid in US dollars and 50% in Egyptian pounds, according to the Ministry of Communication & Information Technology, in addition to a fixed landline service license for $11m.

Vodafone is preparing to receive 5 MHz to operate the 4G services, which is expected to be launched in September.

The National Telecommunications Regulatory Authority (NTRA) agreed with the three mobile operators to redistribute the old frequencies in which they operate and the second and third generations, in order to have a positive impact on the quality of the service.

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https://wwww.dailynewssegypt.com/2017/07/25/vodafone-egypt-revenues-reach-e228m-q1-2017/
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