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Zain 2010-earning release-mtc-lebanon
1. Zain 2010 Earnings Release
Lebanon
In June 2004, MTC won a 4-year
Market Overview 2010 2009 management contract to operate
one of Lebanon’s two GSM
Population (000s) 4,272 4,237 networks. Rebranded to mtc touch,
Zain has committed to developing
GDP/Capita ($; PPP) 14,200 12,165 the Lebanese operation to its
Mobile Penetration 67% 56% maximum potential by establishing
a world class service. On 31st May
Number of Peers 1 1 2010, the Network Management
Agreement (NMA) was extended for
Ownership MC MC a period of 3 months from July 31
2010 to October 2010; thereafter
Customers (000s) 1,499 1,313
renewable for another 3 months -
Postpaid 240 214 beyond end October 2010 until end
of January 2011, and was further
Prepaid 1,259 1,099 renewed on February 1, 2011 for 12
months.
Annual
Financial Performance 2010 2009 The disclosed revenues are those
Growth
from the management contract and
Revenues ($ m) 106.7 90.1 18% not the total revenues of the
operation which are collected by the
EBITDA ($ m) 32.3 22.6 43% Government of Lebanon.
EBITDA Margin 30% 25% -
Net Income ($ m) 27.1 19.1 42%
Financials ($ m)
Revenues
107 EBITDA
90
Net Income
23 32 27
19
2009 2010
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3. Zain 2010 Earnings Release
About Zain
For more information about Zain, visit www.zain.com.
Or Contact our Investor Relations Team:
Investor.relations@zain.com
Note: All population figures, GDP per Capita and Mobile Penetration figures are
sourced from CIA Fact book and WCIS.
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