Asiacell keeps up its steady growth in Iraq

Baghdad (IraqiNews.com) – Asiacell continued to perform well into the third quarter, increasing revenue and EBITDA by double digits. In Iraq, Asiacell’s client base was steady at 17.1 million.

Asiacell, which is mostly owned by the Ooredoo Group of Qatar, had a 19% rise in revenue due to increasing data revenues. An increase in EBITDA of 25% and a 2pp margin improvement to 46% were driven by higher margin data revenues.

In quarter three of 2023 (July, August, and September), the Arbaeen occasion in Iraq garnered approximately 22 million visitors over the course of 40 days, making it a noteworthy highlight. The launch of different offers and agreements resulted in a rise in roaming income during this event. Asiacell recorded 3,800TB of data consumption, 3.6 million roamers, and 72 million phone calls throughout the event.

Among other things, the quarter’s high point was the introduction of the e-commerce platform.