Mobilink reports 17pc YoY growth in revenues

ISLAMABAD –  Mobilink posted a growth of 17 percent on its year over year organic revenue for the quarter ended 30 September, 2016.

The company has reported Rs38.
5 billion post-merger consolidated revenue for both companies (Mobilink and Warid), up from Rs25.
9 billion as reported in Q3 2015.
Successful data monetisation initiatives, attractive bundle offers and the unification of the tariff portfolio, together with continued 3G network expansion have been stated as the major reason for growth.

Mobilink and Warid CEO Aamir Ibrahim said that he is pleased to report third quarter results that reflect stronger customer demand and business performance.
“Our stand-alone revenues have shown an increase of 17 percent owing to the strength of Jazz services portfolio and our ever growing subscriber base”, he added.

He said that the telecom sector has been indicating growth since many years, adding that Pakistan Telecommunication Authority (PTA) should ensure up-gradation of telecom infrastructure in the country, which has become choked with the increasing number of users.