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Egypt's Orascom Telecom Q1 net loss $204 mln in 2013
May 15, 2013 / 7:16 AM / 4 years ago

Egypt's Orascom Telecom Q1 net loss $204 mln in 2013

CAIRO, May 15 (Reuters) - Egyptian mobile phone operator Orascom Telecom Holding said on Wednesday it made a net loss before minority interests of $204 million in the first quarter of 2013.

Revenues were $849 million for the quarter, a decline of about 1 percent year on year, it said in an earnings statement. Orascom said its total subscribers increased 3 percent from a year earlier to about 85 million. (Reporting by Alexander Dziadosz; Editing by Tom Pfeiffer)

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