The UAE’s second telecoms operator Du today reported that revenues grew 12.4 per cent quarter-on-quarter during Q209 to reach AED1.31 billion (US$357 million). In Q208 Du generated revenues of AED907.8 million, with the growth in top-line business being attributed to the growth in mobile subscribers, as well as a strong performance from the wholesale business.

Net profit before royalty exceeded AED100 million for the first time, reaching AED115.3 million for the period. This compares to AED46.7 million in Q1 and a net loss of AED43.9 million in the second quarter of 2008.

Osman Sultan says Du shall be focussing on growing its post-paid subscriber base for the rest of this year

“For 2009 onwards, we are focused on growing significantly the proportion of Du’s high end, post-pay customer base. We made our first steps in this direction in April with the launch of our post-paid Elite and Premier Plans and have already started seeing the benefits of this strategic move with strong take up of both this quarter,” commented Osman Sultan, Du’s CEO. “In line with Du’s strategy of increasing transparency for its investors, having been the first to define and disclose its active customer base, we are releasing our pre- and post-pay mobile subscriber additions for the first time this quarter.”

Active mobile subscribers in the quarter increased to 2.9 million following the net addition of 155,900 subscribers over the period. Mobile revenues reached a record high of AED881.6 million in Q209, an increase of 11 per cent over Q109 and 48 per cent year on year.

Du disclosed that it added 16,700 post-paid mobile subscribers during the Q209, a significant increase over previous periods and a result of a post-paid marketing focus. The operator also added 139,200 prepaid mobile subscribers over the period.

Post-paid customers still represent a small proportion of Du’s overall mobile customer base at three per cent.

Revenues for Du’s fixed business, including fixed telephony, TV and broadband, amounted to AED242.6 million, up a mere five per cent year-on-year, reflecting 328,500 lines.

EBITDA increased to AED242 million up 52 per cent quarter-on-quarter, representing 18 per cent of revenues, up from 14 per cent in Q109.

Du’s capital expenditure programme is anticipated to exceed AED 2 billion in 2009, with AED404.5 million accounted for during Q209 bringing year to date expenditure to AED1.04 billion.

Nortel Networks today announced that it has concluded a successful auction of substantially all of Nortel’s CDMA business and LTE access assets. Ericsson has emerged as the winning bidder with a purchase price of US$1.13 billion. The bid is subject to court approvals in the U.S. and Canada as well as regulatory and other customary closing conditions and certain post-closing purchase price adjustments.

If approved by the courts, Ericsson will purchase Nortel’s CDMA business, which is the second largest supplier of CDMA infrastructure in the world, and substantially all of Nortel’s LTE access assets giving it a strong technology position in next generation wireless networks. Also as part of this agreement, a minimum of 2,500 Nortel employees supporting the CDMA and LTE Access business will receive offers of employment from Ericsson.

“Nortel remains focused on finding the right buyers for our other businesses while continuing to maintain excellent customer service levels,” commented Mike Zafirovski, Nortel president and CEO. “We are determined to maximise value while preserving innovation platforms, customer relationships and jobs to the greatest extent possible. With today’s agreement and through the anticipated sales of the company’s other businesses, Nortel will leave its mark on the industry for decades to come.”

“The agreement between Nortel and Ericsson brings together leading-edge wireless innovation from two of the world’s top telecommunications suppliers. We at Ericsson look forward to integrating Nortel’s products and talented employees into our business and realising the full potential of our combined strengths,” said Carl-Henric Svanberg, president and CEO of Ericsson.

The sale of the CDMA and LTE assets to Ericsson follows a deal reached on July 20 by which Nortel entered into a “stalking horse” asset and share sale agreement with Avaya for its North American, Caribbean and Latin America (CALA) and Asia Enterprise Solutions business; and an asset sale agreement with Avaya for the Europe, Middle East and Africa (EMEA) portion of its Enterprise Solutions business for a purchase price of US$475 million. These agreements include the planned sale of substantially all of the assets of the Enterprise Solutions business globally as well as the shares of Nortel Government Solutions Incorporated (NGS) and DiamondWare.

Vodafone Qatar listed on the Qatar Exchange, which is the successor to the Doha Securities Market, in which NYSE Euronext recently acquired a 20 per cent stake, on July 22, 2009.

Vodafone Qatar’s initial public offering of 40 per cent of the company’s authorised share capital took place from 12 to 26 April, 2009, raising QAR 3.38 billion (US$950 million), the largest IPO globally in 2009 at the time subscriptions closed.

Once listed, 100 per cent of the company’s authorised share capital is open to foreign investment, with no limits on foreign ownership. The founders’ shares, representing 60 per cent of the authorised share capital, are blocked from trading for 2 years.

On the first day of listing shares were permitted to be traded in any price range. Thereafter, shares could be traded at plus or minus 10 per cent as per Qatar Exchange trading rules.

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Jordan Telecom Group Orange announced that Nayla Khawam assumed her new responsibility as CEO of the telco as of July 1, 2009.

Khawam is said to have accumulated a clear vision throughout her career, which she plans to invest in evolving Orange Jordan while maintaining its place locally and regionally, through providing its customers with world class services.

“It is my pleasure to head the highly qualified team of Orange Jordan employees, so we can, together, continue the journey towards growth and even greater achievements, commented Khawam.

Khawam was born in Lebanon and has resided in France most of her life. She has occupied many senior positions, the last of which was area director of the largest French region, the Paris Region, for France Telecom. The position placed her in charge of commercial and technical departments for mass markets and business clients.

Khawam was a member of Orange France committee, and she worked as the head of customer service for fixed, mobile and Internet.

For the first half of 2009 to end June, Zain Group recorded consolidated revenues of KWD 1.16 billion (US$4.01 billion), an increase of 24.1 per cent year on year. The company’s consolidated EBITDA increased by 46.3 per cent to reach KWD 512.2 million (US$1.77 billion). Consolidated net income reached KWD 154.5 million (US$533.5 million), an increase of just 4.4 per cent, while year-on-year customer growth on the two continents across which Zain operates was 37 per cent, representing 69.5 million managed active customers as of June 30.

“The nature and growth of the H109 net income result is all the more impressive when one takes into account that in H108 we had an extraordinary gain of KWD26.6 million from the successful Zambia IPO, as well as the burden of a KWD 31.3 million (US$108.8 million) currency exchange loss for H109,” commented Saad Al Barrak, CEO of Zain Group. “Both are an indication that operational net income growth is much higher than 4.4 per cent. With improving currency stability in many of our African operations, we expect even better results in the second half of 2009.”

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