Bloomberg News

Jordan Telecom 2011 Profit Drops 5.6%, Subscriptions Grow

February 05, 2012

Feb. 5 (Bloomberg) -- Jordan Telecom Corp. said profit dropped by 5.6 percent to 89.8 million dinars ($126.8 million) in 2011 from a year earlier.

The drop is due to a decrease in operating income and lower interest rates on bank deposits, Amman-based Jordan Telecom said in an emailed statement today.

The company’s subscriber base rose by 17.7 percent from a year earlier to 3.55 million, it said. France Telecom owns a 51 percent share in the group.

--With assistance from Nayla Razzouk. Editor: Inal Ersan

To contact the reporters on this story: Mohammad Tayseer in Amman through the Dubai newsroom at mtayseer@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at chmaytelli@bloomberg.net


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