Telco Zain Sudan woos new users as tax hike bites


Telco Zain Sudan woos new users as tax hike bites

To match Special Report DAVOS/AFRICADUBAI (Reuters) - Zain Sudan aims to add 1 million subscribers in 2012 as it targets growth outside the capital Khartoum, but earnings gains will be offset by weaker operating margins due to higher taxes and a growing economic crisis, its chief executive said. Zain Sudan, a unit of Kuwait's Zain, split its operations in two following South Sudan's independence in July 2011 and has yet to agree a licence fee with the fledgling country, said Elfatih Erwa. Zain Sudan had 13.1 million subscribers at the end of 2011 and will raise this to 14 million by 2012-end, he forecast. The company added 2. ...



//news.yahoo.com/telco-zain-sudan-woos-users-tax-hike-bites-171558958--finance.html


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