PTCL’s Average Revenue per User (ARPU) has declined to $3, ranking it as the lowest of the company’s international operators, revealed Chairman Etisalat Mohammad Omran.
Etisalat announced 60 percent dividend of the face value of its shares for 2009. Company’s board also recommended distributing one bonus share for every 10 held, said a company statement issued yesterday.
In Pakistan, where Etisalat bought 26 per cent in PTCL, is one market that has not lived up to its potential for Etisalat since the 2005 acquisition.
Earlier PTCL announced net profits for the half year ended on 31st December, 2009 with 13 percent growth when compared to same during previous year.
By comparison, a recent report by Egyptian investment bank EFG-Hermes put ARPU’s for etisalat in Egypt at $5-$6 and UAE at $49.