Market leader eyes double-digit expansion
Dubai Afghan tele-com group Roshan is confident of maintaining double-digit revenue growth for at least the next two years as demand for data among the country’s young and increasingly urbanised population surges, a top executive told Reuters yesterday.
Roshan is the market leader in Afghanistan, with its 5.8 million mobile subscribers giving it 35 per cent market share, ahead of units of South Africa’s MTN and the UAE’s etisalat.
“We have been growing revenue in double-digits over the last couple of years,” said Altaf Ladak, Roshan’s chief operating officer (COO), adding the firm was confident it would maintain double-digit growth for at least two more years
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Roshan — 51 per cent owned by the Aga Khan Fund for Economic Development, 36.75 per cent by Cable & Wireless Communications Plc and 12.25 per cent by Swedish group TeliaSonera — is profitable, he said, without giving figures. In the past two years, Roshan’s non-voice earnings — including text — have grown from near zero to about 10 per cent of total revenue.
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