Jordan Telecom’s 2013 net profits fall 38%

Industry executives say Jordan Telecom faced tough competition last year in a turf war between three telecom operators and has been hit by higher government taxes. (Photo courtesy: Shutterstock)

Jordan Telecom Group, the country's sole fixed-line operator, said its 2013 net profits fell 37.8 percent to $73 million (51.7 million dinars) as revenues dropped in an increasingly competitive market.

The group, in which Orange, formerly called France Telecom, owns a 51 percent stake, said on Sunday revenues of its integrated mobile, internet and fixed-line business fell 11.7 percent to 370 million dinars in 2013 against the previous year.

Industry executives say Jordan Telecom faced tough competition last year in a turf war between three telecom operators and has been hit by higher government taxes.
 

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Last Update: Wednesday, 20 May 2020 KSA 09:41 - GMT 06:41
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