H1 2015, an expected poor growth scenario
GTH recorded H1 2015 revenues of c.EGP10.859bn, down by 8.6%. In US$ terms, the company's revenues decreased by 15% to US$1.420bn, negatively impacted by the slowdown in Algeria and Pakistan, partially offset by a continued robust growth in Bangladesh. The number of subscribers decreased by 4%, yoy, to 82.5 million customers by the end of the H1 2015, due to a stable growth in Algeria and a decrease in Pakistan (-14%), offsetting the strong growth in Bangladesh (+8%).
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