TeleGeography Logo

MTC 1H financials show strong gains all round

8 Aug 2005

Kuwait-based telecoms operator MTC-Vodafone reported consolidated revenues of KWD226.73 million (USD776.5 million) for the six months ended June, up 48.5% year-on-year. Net profits for the period stood at KWD89.9 million, a rise of 49.8% on the previous year as subscriber numbers for the group passed 10.6 million. MTC, which has operations in Kuwait, Jordan, Iraq, Bahrain, Lebanon and 13 African countries, added as a result of its purchase of Celtel International earlier this year, said EBITDA improved to KWD140.3 million (+58%), yielding an EBITDA margin of 61.9%.

Kuwait, Zain Kuwait

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.