ISX News
Asiacell Revenue Growth of 3% in 2019
Asiacell (TASC) reported revenue growth of 3% to QAR 4.6 bn in 2019, despite a flat customer base of 14.2 mn customers. The company maintained a healthy EBITDA margin of 45% in 2019 while EBITDA declined slightly from QAR 2.1 bn in 2018 to QAR 2.0 bn in 2019. Asiacell upgraded its entire network to support 3G, achieving the widest 3G coverage in the country in 2019. According to Ooredoo, Asiacell restored service to liberated regions and further expanded to the south of the country.
Source: https://www.iraq-businessnews.com/2020/02/15/asiacell-revenue-growth-of-3-in-2019/
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