Mobinil adds 1.2 million subscribers in Q2
Egyptian mobile operator Mobinil added 1.2 million new subscribers in the second quarter, for a total 11.901 million at the end of June. Among active subscribers, there were 606,000 postpaid users and 10.907 million prepaid customers. The operator’s ARPU, on an annual rolling basis, improved to EGP 40 for prepaid customers, from EGP 39 a year ago, while postpaid ARPU rose to EGP 280 from EGP 273. Total revenues grew to EGP 2.072 billion from EGP 1.512 billion a year ago, while EBITDA increased 28 percent to EGP 979 million. Net profit was up 53 percent to EGP 516 million.