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Article: Tanzania: Zain Tanzania posts flat sales but subscriber levels rise.(Financial report)
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
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Byline: pinto03
Zain s Tanzanian mobile venture expects full-year turnover to be flat for 2009 on the back of a cut in consumer spending caused by the wider economic slowdown, although it also reports it hopes to continue to see strong gains in terms of subscribers for the rest of the year.
The unit s managing director Khaled Muhtadi told Reuters he expected customer numbers to keep growing but anticipates flat revenue growth in 2009. We see 5.2 million customers by the end of this year, up from 4.8 million currently, and aim to reach six million at the end of next
year, Muhtadi said in an interview. Revenue ... was USD328 million for 2008. We ...