MTN Syria JSC, a mobile services provider, offers cellular network access and business solutions in Syria. The company’s services include call management, such as call barring, voice mail, call divert and conference, and call waiting; messaging services, including short message, voice SMS, multimedia messaging, and SMS bundle; data services comprising mobile Internet; RBT services; and payment services, such as ATM top ups, vouchers, and direct debit. It also provides business services, such as satisfaction surveys, bulk SMS, enhanced CUG, group itemized bills, wireless solutions, direct debit, push mails, and corporate RBT services; and Internet access services. MTN Syria JSC was formerly k...
Al Mohandess Al Arabi Building
Founded in 2001
MTN Syria Announces Audited Earnings Results for the Year Ended December 31, 2014
Mar 4 15
MTN Syria announced audited earnings results for the year ended December 31, 2014. The company recorded a marginal increase in subscribers to 5.9 million in a very challenging operating environment. Total revenue increased 25.9% and data revenue continued to gather pace, increasing by 108.3%. Despite high inflation, the company's EBITDA margin grew by 1.5% points to 18.9%. The operation's performance will remain under pressure until the crisis in the country is resolved. Some of the key challenges remain security, transmission, power outages and insufficient fuel supply. Shortly after yearend, in January 2015, the company was awarded a long-term freehold licence by the Syrian authorities, to December 2034. This replaces the previous build, operate and transfer arrangement.