AMMAN Feb 14 Jordan Telecom Group,
the country's sole fixed-line operator, said on Thursday 2012
net profits fell 7.2 percent to 83.2 million dinars ($117.3) as
revenues dropped in an increasingly competitive market.
The telecom group, in which France Telecom owns a
51 percent stake, said revenues of its integrated mobile,
Internet and fixed-line business fell a slight 0.9 percent to
408 million dinars in 2012.
Operating income dropped 4.5 percent to 163.1 million
Industry executives say Jordan Telecom faced tough
competition last year in a sector that has seen a fierce turf
war between three telecom operators and has been hit by sluggish
(Reporting by Suleiman Al-Khalidi; Editing by Susan Fenton)