Vodafone Egypt announces the largest revenue in its history

Reuters

Vodafone

Vodafone Egypt announced that it achieved the largest revenues in its history of 1.3 billion euros, equivalent to 24.3 billion pounds during the past year 2019.

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The company’s revenue in the fourth quarter of last year was 356 million euros, exceeding 6.2 billion pounds.

The financial results of the Vodafone global group said that the number of Vodafone Egypt customers exceeded 40 million subscribers by the end of last December, compared to 39.8 million subscribers by the end of September 2019.

With the number of customers of the monthly subscription in “Vodafone Egypt” about 10.6% of its total customers, except for 150 thousand new subscribers during the fourth quarter of this year.

The number of home internet customers increased to 637 thousand subscribers by the end of last December compared to 605 thousand subscribers by the end of September 2019 after attracting 32 thousand subscribers in the fourth quarter of last year.

The return from the mobile user at “Vodafone Egypt” is the highest among the Egyptian mobile companies, as the total average return from the user in the company in the fourth quarter of last year reached 48.9 pounds per month.

The average return from the user to prepaid card customers amounted to 43.1 pounds per month, while the average return from the user to monthly subscription customers amounted to 99.3 pounds per month.

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The global group has announced that it is in the process of selling its unit in Egypt to STC after signing an agreement with it to purchase its 55% stake in “Vodafone Egypt” at a value of $ 2.39 billion.

The ownership structure of “Vodafone Egypt” is divided between 55% for Vodafone International and 45% for Telecom Egypt.

Source: Agencies

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