Djezzy sees 7% increase in sales in Q1 2012

Mergers, Acquisitions and Financial Results

The Algerian telco Djezzy, which is backed by the Russia-based telecoms group Vimpelcom, has reported a 7% rise in sales for the first three months of 2012 to DZD34.3 billion (USD457 million), which the operator attributed to an increased focus on higher-end subscribers.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 8% year-on-year to reach DZD20.6 billion, while subscriber numbers were up 14% at 17.69 million