Vodafone Egypt nets EGP 2.9b during Q2

Daily News Egypt
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Vodafone Egypt’s revenues amounted to EGP 2.9 billion by the end of the second quarter, compared to EGP 2.8 billion in the first quarter, with a growth rate of 2.5 percent. The domestic company acquired 2.7 percent of Global Vodafone’s revenues with a value of £10.7 billion.

Vodafone Egypt’s Internet subscribers reached 5 million users by the end of the second quarter, compared to 4 million users during the same period 2011, a 25 percent growth rate.

Global Vodafone’s indicators show that the number of domestic mobile subscribers reached 37.5 million users by end of June 2012, and almost 37 million subscribers by end of March 2012 with 500 thousand additional users.

The figures also revealed that the average per capita income of Vodafone Egypt users is EGP 25.5 during this second quarter of the year, whereas per capita income from prepaid users is approximately EGP 20.3, compared to EGP 20.2 during the first quarter. However, revenues of monthly subscription clients declined to EGP 132.7 during the second quarter of 2012 from EGP 137.6 in the previous quarter.

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