Jordan Telecom Group has booked revenues of JOD96.4 million (USD135.43 million) for the three months ended 31 March 2012, a decrease of 3.0% year-on-year caused by intense competition. The group, which offers wireless, broadband and fixed telephony services under the Orange banner, recorded net profits of JOD20 million, up from JOD19.5 million in the year-ago period, as operating expenses dropped by 5.6% y-o-y to JOD58.3 million, offsetting the fall in income.
Taken from:
OVETEL Orange Jordan profits up, despite declining revenues
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