SONATEL TURNS IN 30% TURNOVER INCREASE IN FIRST QUARTER 2004

Mergers, Acquisitions and Financial Results

With a turnover of FCFA 17 billion, Sonatel has had a 30% increase in its first quarter from FCFA 90.2 billion for the same quarter last year. If mobile telephony didn't exist, it would be necessary to invent it as Sonatel remains the leader in this sector. Deducting operating costs, the increase in turnover is 41.49%, an increase from FCFA39.8 billion to FCFA56.4 billion. Sonatel has 575,000 mobile subscribers in Senegal and 180,000 in Mali through its subsidiary Ikatel. It has 228,000 fixed lines in Senegal. This increase in turnover comes despite lowering its international tariffs.

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