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Zain Group revenues up 55% in Q3 on Saudi consolidation

2018-11-07 15:04:00| Telecompaper Headlines

(Telecompaper) Middle East mobile operator Zain Group said its revenues increased by 55 percent to KWD 403 million in the third quarter, and EBITDA reached KWD 155 million, an increase of 48 percent year-on-year, giving a 38 percent EBITDA margin. The growth was supported by Zain Saudi Arabia becoming a consolidated subsidiary during the third quarter. This contributed an additional USD 521 million in revenues and USD 194 million in EBITDA for Q3 2018. 

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Category:Telecommunications

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