2014, a poor year
GTH recorded FY2014 revenues of c.EGP23.255bn, down by 2%. In US$ terms, the company's revenues decreased by 4.7% to US$3.283bn, negatively impacted by the slowdown in Algeria and Pakistan, partially offset by a strong recovery in Bangladesh. The number of subscribers increased by 3.7%, yoy, to 89.7 million customers by the end of the year, driven by the strong growth in Bangladesh (+7%) and a steady growth in Algeria and Pakistan (+5% and +2%, respectively).
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