Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding (OTH) has posted strong revenue, higher EBITDA and increasing subscriber base in the first half of 2010 as compared to the same period last year. According to the results published by OTH, Mobilink subscriber base increased by 10.5 percent, closing at 32.2 million at the end of H1 2010.
Mobilink closed the first half of 2010 with revenues of PKR 47.5 billion showing a YoY increase of 11.4 percent, while there was a YoY increase of 24.8 percent in its EBITDA in rupee terms. Moreover, the company's EBITDA margin increased to 39.6 percent versus 35.5 percent over the same period last year. Commenting on the progress, Khaled Bichara, Group CEO, OTH said the first half of 2010 has demonstrated stable growth for most of Orascom operations, supported by a trend of high additions to various customer bases.
Mobilink's indicators have shown healthy signs of growth across the board, in particular 18 percent YoY increase in EBITDA in USD, thanks to reduced SIM tax subsidisation. Rashid Khan, Mobilink President and CEO, said, "Mobilink has maintained strong presence in the market with aggressive marketing and innovative services. At the back end, we are striving to enhance user experience by investing in our infrastructure to further improve quality of service. We continue to enjoy the faith of our customers due to our edge in coverage, quality and network strength, and hope to maintain the trend in the second half of the year."-PR