Sudatel's customer base increases 9% in Q3

Consolidated revenues in Q3 record 11% YoY growth amounting $124.23 million
Zainelabdin:“We are confident that we will outperform our growth pace over the coming period."
Zainelabdin:“We are confident that we will outperform our growth pace over the coming period."

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Sudatel group has achieved a consolidated revenue of $124.23 million up 11% in Q3, 2016 compared to the same period last year, and consolidated EBITDA of $47.92 million up 21% compared to 2015.

Sudatel customer base has also increased by a record 7% reaching over 11.9 million subscribers compared to the same period in 2015.

Chairman of the Board of Directors of Sudatel Group, Dr. Abdelrahman Dirar said: “We are very happy with the results achieved in the third quarter of 2016 and we are confident that the group’s successful performance growth will continue to achieve solid financial gains for our shareholders and investors.”

Sudatel group CEO, Tarig Hamza Zainelabdin said: “Sudatel continues to witness strong growth across the markets in which it operates and we are confident that we will outperform our growth pace over the coming period. The company is constantly working on enhancing its services and performance in order to maximise on net revenues and profits for the company and its shareholders.”

Sudatel attributes its Q3 results to the successes its subsidiaries have accomplished across Africa.

Sudani added 126 new sites compared with 20 sites 2015 and achieved 18% increase in revenues (in $). Mobile data revenues also increased by 40% whereby corporate sales increased revenues by 60%. Sudani also launched Mobile Money (Gorooshi), a new first in Sudan.

Espresso Senegal expanded its retail outreach adding new franchise and e-Shop channels. The company's pricing strategies and data adoption resulted in strong revenue growth.

Chinguitel Mauritania increased its network coverage by adding 88 GSM sites and 80 3G sites which helped expand its network by 1.5 million subscribers (1 M GSM / 0.5 M CDMA). The company also modernised the network in Nouakchott city and added new VAS platforms helping increase the customer base by 127,000 subscribers.

Intercel Guinea has increased network availability from 10% to almost 80%. The company has also rolled out a number of new offers and revised its tariffs.
 

 

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