The North Africa Journal: Orascom Telecom Disappoints Investors 

Orascom Telecom Disappoints Investors
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The North Africa Journal on 26 July, 2008 01:42:00
 
The company reported making US$80.8 million for the quarter ending June 2008.
The Egyptian company disappointed the market with a less-than-expected
performance, which it partly attributed to a $30 million write down of its
Algerian landline business. The company’s earnings before interest, taxation,
depreciation and amortization fell 2% sequentially to $572.8 million, on sales
worth $1.36 billion, up 5%. The company says ARPU in Algeria was stable, while
it fell it Egypt and Bangladesh.