a scorecard of key performance indicators of fixed operators in the arab world - table of contents

A Scorecard of Key Performance Indicators of Fixed Operators in the

Arab World

Arab Advisors Group Strategic Research Service

February 2010

Analyst: Danya Nusseir

Faten Bader

Arab Advisors Group A member of the Arab Jordan Investment Bank Group

PO Box 2374

Amman 11821 - Jordan Tel. 962.6.5828849 Fax. 962.6.5828809

arabadvisors@arabadvisors.com

www.arabadvisors.com

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Table of Contents Section I: Executive Summary................................Error! Bookmark not defined. Section II: Overview ..............................................Error! Bookmark not defined. Section III: General Comparisons ..........................Error! Bookmark not defined. Section IV: Fixed Line Operators............................Error! Bookmark not defined. Section V: Operators Financial Performance ..........Error! Bookmark not defined.

List of Exhibits

Exhibit 1: Fixed line and Integrated Communication Providers (ICPs) by

December 2009...........................................Error! Bookmark not defined. Exhibit 2 : Population of examined countries (2008, September 2009)

...................................................................Error! Bookmark not defined. Exhibit 3: A regional ‘GDP per capita’ comparison (2008)...Error! Bookmark

not defined. Exhibit 4: Fixed line operators by December 2009 ........ Error! Bookmark not

defined. Exhibit 5: Fixed line regulatory framework (December 2009)............Error!

Bookmark not defined. Exhibit 6: Arab World’s mainlines (2008)..........Error! Bookmark not defined. Exhibit 7: Ranking of operators by mainlines (2008) .... Error! Bookmark not

defined. Exhibit 8: Arab World's mainlines (2008, September 2009)Error! Bookmark

not defined. Exhibit 9: Regional mainlines penetration rates (September 2009) ...Error!

Bookmark not defined. Exhibit 10: Regional mainlines’ penetration rates (2008) ...Error! Bookmark

not defined. Exhibit 11: Mainlines revenues (YTD September 2009). Error! Bookmark not

defined. Exhibit 12: Mainlines revenues (2008)..............Error! Bookmark not defined. Exhibit 13: % of mainlines revenues versus % of mainlines subscribers

(YTD September 2009) ...............................Error! Bookmark not defined. Exhibit 14: % of mainline revenues versus % of mainline subscribers

(2008) ........................................................Error! Bookmark not defined. Exhibit 15: Regional fixed line operators' ARPU (2008) Error! Bookmark not

defined. Exhibit 16: Regional mainlines operators' ARPU (September 2009)...Error!

Bookmark not defined. Exhibit 17: EBITDA margin comparison per operator (2008, YTD

September 2009) sorted by EBITDA ...........Error! Bookmark not defined. Exhibit 18: EBITDA margin comparison per operator (2008, YTD

September 2009) sorted by EBITDA % .......Error! Bookmark not defined. Exhibit 19: EBITDA margin comparison per group (consolidated results)

(2008, YTD September 2009) sorted by EBITDA..... Error! Bookmark not

defined.

Exhibit 20: EBITDA margin comparison per group (consolidated results)

(2008, YTD September 2009) sorted by EBITDA % Error! Bookmark not

defined. Exhibit 21: Net profit comparison per operator (2008, YTD September

2009) sorted by net profit...........................Error! Bookmark not defined. Exhibit 22: Net profit comparison per operator (2008, YTD September

2009) sorted by net profit margin % ..........Error! Bookmark not defined. Exhibit 23: Net profit comparison per group (consolidated results) (2008,

YTD September 2009) sorted by net profit..Error! Bookmark not defined. Exhibit 24: Net profit comparison per group (consolidated results) (2008,

YTD September 2009) sorted by net profit % ......... Error! Bookmark not

defined.