Zain suffers subscriber losses in Sudanese markets

Zain suffers subscriber losses in Sudanese markets,

Kuwaiti headquartered operator dragged down by its African units.

Zain’s Sudanese operations have been hit by subscriber losses and foreign currency fluctuations, according Kuwaiti headquartered company’s half year results.

Active subscribers for the Kuwaiti headquartered operator as of June 30, 2014 in the Republic of Sudan fell 8% from 12,460,000 a year ago to 11,426,000.

In South Sudan, Zain’s subscribers fell 15% from 760,000 in June 2013 to 645,000 this year.

Meanwhile, foreign exchange losses in the Republic of Sudan and Iraq cost the company $59 million in H1 and $31 million in Q1, according to Middle East business news agency Zawya.

Other setbacks for Zain include a net loss of $87.7 million in the three months to June 30 in Saudi Arabia. Zain Saudi is 37% owned by Kuwait's Zain and is that country’s number three operator.

Overall; though, the Zain Group posted a net profit of $209 million in the three months to June 30.

Across all its Middle East and African operations the group also posted positive subscriber growth of 5% during the half year period from 44,393,000 last year to 46,510,000 this year.