Orange DSL 9M16 loss widens 80% Y-o-Y to reach EGP90mn
Orange Egypt’s ADSL arm, Orange DSL, saw its 9M16 loss widening by 80% Y-o-Y to reach EGP90mn, as interest expenses rose due to increasing debt. Meanwhile, revenues for 9M16 totalled EGP422mn, declining 20% Y-o-Y. Total number of subscriptions reached 625,000 in September 2016, implying a market share of 14.5%. The company invested a total of EGP56mn during the period. (Al Borsa)
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