Telecoms & IT

Revenues and profits continued to increase at Syriatel in the first nine months of this year.
MTN-Syria managed to maintain a solid level of activity with revenues rising on an annual basis in the first three quarters of the year.
Syriatel remained Syria’s largest mobile phone operator in the first half of this year as the company posted an increase in revenues and profits in spite of adverse business and security environments.
Revenues continued to rise as profits fell at MTN-Syria, the Syrian subsidiary of the South African telecommunications group.
Syria’s telecommunication and information technology indicators improved last year according to recently released statistics.
Google has announced that it was allowing again the download of several of its prime software after control restrictions by the American administration were lifted.
MTN-Syria, one of Syria’s two mobile phone operators, has reported a slight rise in revenues to SYP 10.8 billion and a decline in net profits to SYP 0.9 billion in the first quarter of this year.
A Presidential decree formally established last week the Syrian Electronic Payments Company, an entity that will be tasked with building and managing the infrastructure for an electronic payment system in the country.
The number of subscribers to broadband Internet rose some 77 percent in the last year in Syria, according to the Syrian Telecommunications Establishment.
The Syrian Telecommunications Establishment has reduced the subscription costs to the internet broadband service by some 40 percent.
Syriatel, one of Syria’s two mobile operators, announced an 11 percent decline in its 2011 profits, while its competitor, MTN-Syria, saw its profits increase by the same rate.
The number of subscribers to Syria’s mobile phone networks rose to 11.9 million at the end of the third quarter of this year, according to the Syrian Telecommunications Establishment.
Profits at MTN-Syria during the third quarter of this year fell 7.8 percent compared to the same period of 2010, although overall revenues remained unchanged.
In spite of a sharp increase in the use of internet and other communication tools in the last few years, Syria continues to trail its regional competitors, according to data published by UNCTAD.
The Syrian Telecommunications Establishment, the state-owned operator of the country’s land line phone network, said that its 2010 turnover had reached a record SYP 77 billion, or USD 1.63 billion.


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