Investment - In Brief

Investment

- MTN, Uganda's largest mobile operator, maintained its lead as top advertiser in the country in 2011, according to a new media report by Ipsos-Synovate

- SES the worldwide satellite operator present in Africa reported financial results for the twelve months to 31 December 2011 with positive highlights:
Revenue of EUR 1,733.1 million (-0.1%) and recurring revenue grew 2.8% to EUR 1,735.0 million. EBITDA of EUR 1,274.6 million (-1.7%) with recurring EBITDA that grew 3.1% to EUR 1,294.5 million and a recurring EBITDA margin of 74.6%. Operating Profit came to EUR 808.2 million (+1.4%) and profit of the group were EUR 617.7 million (+26.8%). SES confirmed its developing presence in emerging markets, while maintaining our strong position in the more mature European and North American markets. Seven further satellites are being built and are due to be launched before the end of 2014. The majority of the new capacity will be serving customers in emerging markets.