English Annual Report Final Copy - Compressed
English Annual Report Final Copy - Compressed
Cover
CONTENT
CHAIRMAN'S LETTER
BOARD OF DIRECTORS
GOVERNANCE REPORT
CEO'S LETTER
OUR STRATEGY
SUMMARY ACHIEVEMENTS
EXECUTIVE TEAM
OPERATION KPI
SUMMARY ACHIEVEMENTS
EXECUTIVE TEAM
OPERATION KPI
SUMMARY ACHIEVEMENTS
01
A Telecom Group
“Dear Stakeholders,
Confronted with various obstacles, Sudatel has Furthermore, the deployment of more
never stopped believing in the life-changing financial controls resulted in improving the
power that communication and digital services group’s capital structure and working capital
can provide. Leveraging its position as a management.
pioneering telecommunication provider both
locally and regionally STG is dedicated to
overcoming all obstacles to its goals. As Sudatel is heading towards the fourth
During and after the COVID pandemic, Sudatel decade of service, there is room for a lot of
has contributed to supporting the people of achievements to come:
Sudan by providing enhanced connectivity,
supporting the vaccination programs and We remain committed to investing to
guidance on preventing the spread of the virus, enhance our positioning in all our markets
and enabling internet access for the schools and and meet our customer expectations across
the students to continue their studies from our footprint.
home. We continue to add value through further
Through Sudani’s mobile finTech “Gurooshi”; investments in smart partnerships, the new
Sudatel contributed significantly to enhancing developing fintech sector, and other mobile
the economic wellbeing of the Sudanese people banking facilities, as well as to optimize the
by engaging in partnerships with multiple utilization of our existing assets. This is
support programs such as The Government of especially in the context of the optic fiber
Sudan through the Sudan Family Support network across Sudan and the investments
Program (SFSP), The World Food Program, and in the submarine and terrestrial cable
The International Committee of the Red Cross systems to support the pursuit of wholesale
(ICRC) and international connectivity business.
Sudatel was awarded the Business Ethics award Enhancing fixed line services in Sudan to
by the regional network for social responsibility continue to meet the high demand for
based in Bahrain, continuing to play an active high-speed broadband services to homes
role across its footprint through its focused and business premises that are
corporate responsibility program. complementary to the mobile services using
4G/5G technologies.
Sedulous close monitoring of the Group
performance yielded substantial changes to the Finally, I would like to thank all our
executive management as part of the stakeholders for their ongoing support and
organizational restructuring process, those look forward to engaging with them more in
changes were directly reflected in the enhanced 2022 for the best of Sudatel.”
performance observed in the year 2021 not just
on the managerial level but also contributed to
the improvement of governance and
effectiveness of the operations across the Group Ibrahim Jaber Ibrahim
with Sudatel OpCos being the critical focus of the Chairman
year. Sudatel Telecommunications Group (STG)
Sudan Government
Eng. Ibrahim Jaber Ibrahim Karima
Chairman
Dr. Sakota joined Sudatel’s Board of Directors in 2009. He’s a pioneering expert
in the banking business, Chairman of Altadamoun Islamic Bank BoD, and
Vice-Chairman of Sudanese Egyptian Bank BoD. Holds several honorary
doctorates in Economics and Business Administration from Alribat National
University, Dongola University, Africa International University and Omdurman
Islamic University. He’s a long-experienced consultant in investments and
financing.
Dr. Sakota holds board memberships of many universities among which Merwi
university, Dongola university, Africa International University, Omdurman
Islamic university, and Al-Quran Al-Kareem University. He also holds board
membership of many hospitals among which Eldayat Hospital and Ahmed
Gasim Hospital. He has been granted the Star of Achievements by the Transi-
tional Sovereign Council.
Sudan Government
Dr. Gebril Ibrahim Mohammed
Board Member
Mr. Jangoul graduated from the Faculty of Economy at Khartoum University in 1982. He
obtained a master’s degree in Economy from the University of Columbia – NY in 2000. He
joined CBOS in 1982 and served within its various departments till his promotion to General
Manager. He has been appointed as the Governor Assistant in 2009, the First Deputy
Governor in 2018, the CBOS Governor in 2019, and has been reappointed at the same position
in February 2022.
Mr. Jangoul is the BoD Chairman of the Sudan Currency Printing Press, the Sudan Financial
Services Company, Sudan Academy for Financial & Banking Studies, and the Bank Deposit
Security Fund. He’s the BoD Vice-Chairman of the Sahel and Sahara Bank, and holds board
memberships of many governmental and regional corporations such as Sudamin Company,
Kenana Sugar Company, Sudan Airways Company, and Arabic Academy for Finance and
Banking.
Mr. Abu Shama attained a Bachelor of Arts degree from University of Omdurman Ahlia in
1995, a higher diploma in General Management in 1996, and joined the Sudanese Military
College in 1999.
He joined the Defence Industries Systems in 1999 where he worked as a Public Relations
Manager for Giad industrial Company. He had the credit for the formation of Giad Investment
Group. He was also the founder of both WST Transport Company and Saher Business
Company in 2006. He held the position of the CEO of Giad Logistics Services Group
(2016-2019) the entity which has been integrated later to become the” Exports development
and Logistics Group”. Mr Abu Shama has been appointed to the position of Deputy Director
of Defence Industries System in 2020.
He joined Sudatel’s BoD in 2020, and he holds BoD memberships of many corporations
among which Ohaf Mining Company, Radmed Medical Company, and United Capital Bank.
He has been granted the Military Medal for Long-Service.
Dr. Ahmed graduated from University of Khartoum with an h degree in Accounting in 1975.
And received his master’s degree in Business Management in 1978. In 1987, he obtained a
PhD degree in Banking and Financial Studies from the University of Bath in UK. Moreover, he
received postdoctoral studies at Harvard University in USA.
Dr. Ahmed has an extensive experience in the executive field, served as the Dean of studies
at university of Gezira and Arab Institute for Banking and Financial Studies. Then as an expert
and consultant in the financial sector at the Kingdom of Bahrain. Moreover, he served in the
position of Senior Vice-President at Mashreq bank in Dubai and currently serving as the Chief
Executive Officer for Financial Investment Bank in Sudan.
He was first elected a member of Sudatel Group BoD in the year 2012 and still serving in the
board. He also holds board membership at the Arab Leasing Company and the National
University.
Mr. Abdul Aziz has attained his master’s degrees in both Accounting and Business
Administration from Missouri University – Springfield City in the United States of America. He
also has the Professional Certificate CIPD in Human Resources. He’s currently holding the
position of HR & Administration management at The Arab Investment Company (TAIC).
Previously held the position of Head of Financial Analysis Department for 7 years and the
Finance Manager for 2 years. Mr. Alfureih professional experience in management, business,
HR, and consultancy spans more than 25 years.
Eng. Alanezi is the CEO of ARABSAT Company which is one of the leading corporations in
satellite operation all along the Middle East and Africa. He is the process leader to corporate
transformation and business development strategies in alignment with ARABSAT visions.
Eng. Alanezi experience spans more than 27 years in different professional sectors as he held
various positions in the banking sector, IT digital solutions, and digitalization, and that’s
within local, regional, and multinational companies in both the Middle East and North Africa.
Mr. Alanezi holds a bachelor’s degree in Computer Science, and a master’s degree in
Executive Management from the King Fahd University of Petroleum and Minerals, in addition
to extensive training in strategy and business development.
07
A Telecom Group
Sudatel CEO
08
A Telecom Group
2021 was a year of challenges and opportunities for Sudatel three areas: education, health, and water supply
Telecommunications Group (STG). Moreover, it was a year projects, as these were identified as the most
of hard work and dedication, driven by aspirations to relevant areas for the population within Sudatel’s
achieve STG’s promise. We strived to add value for its footprint. They are issues that directly affect the
stakeholders across its regional footprint, while growing Human Development Index. Our efforts were
within the dynamic telecommunications sector. acknowledged regionally, as Sudatel was awarded
During this pivotal period, I have been honored with the the Business Ethics Award by the regional network
mission to lead this great organization with its wealth of for social responsibility, in Bahrain.
assets; (physical and more importantly, human). Operating Looking forward to the year 2022, there are still
in emerging markets with high growth potentials, and significant opportunities for improvement and
matching uncertainties, yet unlimited possibilities Sudatel growth, especially in STG’s West African operations,
started realizing significant growth opportunities. and other growth opportunities in the wholesale
The newly installed STG management team developed a and connectivity domain, through STG’s existing
straightforward strategy that comprised three steps: terrestrial and marine cables infrastructure.
restoration of business performance and efficiency, Sudatel is also reviewing its investments in the
organizational reform, and prioritization of systemic associated company partnerships, to ensure
growth. FY2021 was the start of the restoration phase. We consistency with our strategy and to decide on the
grew revenues in the major operations and managed to continuity of the different adjacent business
outperform our vertical markets, in Sudan and Senegal. In activities.
Mauritania, Chinguitel achieved growth for the first time in Naturally, several challenges remain facing STG in
the past three years. Our operation in Dubai (Expresso FY2022. We are determined to persevere and
Dubai) realized 50% growth from the previous year. remain true to our promise to our stakeholders, by
Despite the currency translation challenge in our largest adhering to the management’s strategic vision and
market (Sudan, where the local currency devalued by adapting to the environment in which we operate.
660%), we attained substantial consolidated revenues for We remain optimistic about delivering further
the Group of USD 281.7 million (only 4% lower than the enhancements in the business performance in
previous year), maintaining an EBITDA margin of 38%, FY2022 and the years beyond and continue to
while achieving a positive net income of USD 20.3 million, increase shareholder value.
compared with a net loss of USD 10.3 million in the year
FY2020.
These achievements were the fruits of the collaborative Magdi Mohammed Taha
efforts of all our staff in executing the management’s President & CEO
transformative strategy. Bold changes were implemented Sudatel Telecommunications Group (STG)
at the organizational level. These comprised of fine-tuning
of workforce structure, harmonization of headcount and
skills, in addition to the elimination of redundancies, and
improved motivation of employees, recognizing them as
key partners in the organization. Commercially, key
changes in sales and distribution strategy in Sudan, Eng. Magdi Mohammed Abdallah Taha
coupled with focused commercial activities were Group Chief Executive Officer
immediately yielding. Enhancement of network quality,
through operational efficiency and smart investments, was Assuming his duties as CEO of Sudatel Group in
resonant in realizing revenue growth and enhancing the December 2020, he has more than 20 years of
user experience across Khartoum and the regions. True to experience in advanced technologies,
the global trend in the telecommunications sector, most of particularly at CISCO and the leading telecoms
the growth was driven by increased consumption of data company INTEL Corporation. Previously, Mr.
services. Acquiring the 4G license in Senegal was a Taha held the position of General Manager of
catapult for Expresso Senegal growth, and the launch of Zain South Sudan, Head of Strategy at Zain
4G by Chinguitel enabled active participation in the digital Khartoum, and Head of Strategy and Business
transformation in Mauritania. Development at Zain Khartoum. He holds a
The introduction of improved governance architecture and master’s in project management from George
practices, within STG, together with firm financial controls Washington University in the United States and a
have been instrumental in improving the company’s Bachelor of Science in Computer Engineering
capital structure. We have also improved the management from Boston University in the United States. In
of liabilities and the working relationships with our 2004 he was nominated by CISCO International
partners, achieving better business operations and for the United States black Engineer of the Year
securing more efficient growth in the years ahead. The award in the United States. He also participated
executive management recommended and executed the in more than 17 US patents in the field of Voice,
non-current tangible assets revaluation for “Sudani,” as Video over IP, Talk over IP and Fax over IP. He has
mandated by STG board of directors. This important step experience in the information and
reflects more accurate financial statements compliant communications technology sector, as he is the
with International Financial Reporting Standards (IFRS). Chairman of the Board of Directors of Dolphin,
Implemented in December 2021, it has resulted in Sudasat and Sudabil, and he is the Vice Chairman
improving the equity position to USD 681.2 million, from of the Board of Directors of EBS Electronic
USD 275.6 million on 31 December 2020. Firmer financial Banking Services Company and the Arab
controls and management of working capital have also Company for Marine Cables, with membership
helped to enhance the balance sheet on 31 December in the Board of Directors of the United Money
FY2021. The financial results are expected to be Bank, in addition to the Arab Company for
substantially impacted going forward, as the requirement Marine Cables.
to report under IFRS (IAS29) would mean that the
hyperinflation that affected the Sudanese economy in
recent years will have to be considered. This would require
compliance with the accounting standard for
hyperinflation (IAS29) beginning in Q2 /FY2022.
Corporate sustainability is an area that STG has taken
seriously. During FY2021, the management focused on
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A Telecom Group
Dr. Hisham Mohamed Abushama has been with Sudatel since May
2021, first as a Sudatel Board Advisor and then as a Director of
Business Development.
Dr. Abushama has extensive experience in communications and
information technology (ICT) both within and outside of Sudan.
Mustafa Abdelmalik
Deputy CEO - Expresso Dubai
Mohammed Alrayah
Ali Altoom
Chief Risk & Compliance Officer
Mohammed Elfatih
Eltigani
Group Chief Carrier & Wholesale Officer
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A Telecom Group
Company Governance
Report 2021 the General Assembly to be traded at a general
assembly meeting. The board is responsible to
develop the Group’s vision and draft policies to
manage the companies of the group besides
The Board of Directors of Sudatel monitoring the work of the executive management
Telecommunications Group considers establishing and holding it accountable in accordance with the
an effective governance system an issue of financial and legal policies authorized by the board
paramount importance, in order to achieve the at the beginning of each financial year. The board of
utmost effectiveness and efficiency to meet all the
strategic and operational objectives, in addition to directors is held accountable before the General
the adherence to the requirements of the stock Assembly and therefore is responsible for the
markets (as Sudatel Group is a publicly listed success of the institution in the long term.
company on the Khartoum stock exchange and the
Abu Dhabi stock exchange), and keeping up with the
company's statutes with the 2015 Companies Act. In Board of Directors work during the year 2021
order to integrate all activities under the governance
system as an original part of all the group's
operations at the level of all companies and operators
of the group, Sudatel Board of Directors has taken During 2021, the Board of Directors held four regular
steps in arranging and controlling the group's meetings during which it authorized the company's
governance processes according to a program and
systems that work at several levels by clarifying and quarterly and annual results and in addition to
adjusting the relationship between the members of informing it of the company's activities and
the board of directors and shareholders on the one programs. The most important of which is to
hand and between the board of directors and the continue the work to extend and modernize the
executive management on the other hand, as well as
Sudani network in Khartoum and the provinces. In
its regulation of the rules of action on transparency,
fairness, independence and compliance with the addition, for the Sudatel operators in West Africa, to
different relevant laws and legislation in all states develop the data network as a strategic goal of the
that Sudatel operates in. International best practices group according to the industry trends, which
related to the field of telecommunication companies enhances Sudatel’s positioning in its corresponding
are used to optimize the group's strategic plan and
markets in terms of providing services. The board
the governance system supports the implementation
of the company's decisions accordingly. also approved taking some technical measures by
adding frequencies/spectrum that contribute to the
provision of the services, in addition to support in
granting the needed approvals by the regulators of
General Assembly the services. The board also addressed the effect of
change in the exchange rate on the results of the
company's work. The board also addressed and
The General Assembly of the Group is the supreme supported the process of revaluation of the tangible
authority that authorizes and adopts the annual non-current assets and adopted the report of the
reports of the Board of Directors and its financial, external auditor on the final accounts audited for the
administrative, and legal status during the specified fiscal year 2020. The board also approved the
fiscal year, where the General Assembly includes all financial plan and the estimated budget for 2022 and
shareholders of the group and exercises all the authorized the total investments for the group. The
powers granted to it under the law and statutes of board of directors approved the amount of $96
the company. million of capital expenditure to complete the
Sudani network modernization project for the year
2021 as per the recommendations and studies
provided by the executive management.
Board of Directors:
The board is formed by the General Assembly and is
authorized to control the management of the
company and the rules granted to it, which do not
contradict the law of companies or the regulation of
the establishment of the company or the decisions of
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A Telecom Group
Board committees:
scope of the audit process and its effectiveness
The Board of Directors has three committees: in accordance with the approved audit
standards.
1/ Executive Committee: Review and evaluate the internal control systems
in the company and ensure the presence of an
effective system of internal control. The
The Committee prepares the appropriate committee also has oversight on all major
mechanisms that contribute to the investigations and the internal control issues
implementation of the decisions issued by the assigned to it by the board of directors.
periodic meetings of the board, which helps to Establish controls that enable the detection of
closely monitor the executive performance of the any possible irregularities in reporting, internal
company at a higher frequency than the periodic controls, or any other compliance matters. The
board meetings. The committee provides committee is to step as needed conduct
immediate remedies to achieve the objectives independent and fair investigations in case of
drawn in accordance with the powers granted to reported violations.
it. The committee also considers all the Monitoring the extent to which the company
recommendations made by the executive complies with the rules of professional conduct.
management and submits its recommendations Members of the Audit Committee:
to the Board for consideration and Mr. Dr. Taha Eltayeb Ahmed, Chairman of the
decision-making. Committee.
The Executive Committee has been assigned the Mr. Al Gaily Tagelden Abu Sahama, member of
functions of the Investment Committee, which the Committee.
consists of tasks in assisting the Board of Directors Meetings held by the Committee during the year
in the conduct of its policy review functions. 2021:
Investment standards, study of investment During 2021, the Committee held five meetings
opportunities and compatibility with the during which it discussed the different options
company's investment strategy, follow up and for asset revaluation and how to apply them
evaluation of existing and future investments of (based on the committee’s mandate from the
the company and make recommendations on board of directors), and prepared a detailed
them, and supervision of advisory work related to study on the results of the distribution of
the work of the Executive Committee, as well as dividends to shareholders in the coming period
other tasks assigned to it by the Board of as well as discussed the group's performance
Directors. report and audited accounts for the first half of
Members of the Executive Committee: the year 2021, the performance report and the
1. Mr. Ibrahim Jaber Ibrahim Karima, Chairman of audited budget for the third quarter of the year
the Committee. 2021, and the committee followed-up on the
2. Mr. Dr. Hassan Osman Abdallah Sakota as Vice activities of the external audit work and audited
President. accounts for the year 2021. The committee also
3. Mr. Dr. Gebril Ibrahim Mohammed as a Member was involved in the organizational restructuring
4. Mr. Taha Eltayeb Ahmed as a member. of the company with the executive management
5. Mr. Hussain Yehia Jangoul as a member. and provided its recommendations accordingly
6. Mr. Al Gaily Tagelden Abu Sahama as a member. to the board of directors.
Meetings held by the Committee during the year
2021:
Sudatel Strategy
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A Telecom Group
26.3%
3.66%
Sudatel Group
70.04%
Ownership structure
The Sudanese government owns 26.3% of Sudatel
Group through the Ministry of Finance (22.63%), and
the Central Bank of Sudan (3.66%). Sudatel includes
investors from the Gulf Cooperation Council, the
Middle East, and Africa. With more than 14 local and
regional banks, and over 80 Sudanese and regional
companies, Sudatel is a listed company in the
Khartoum stock market, and on Abu Dhabi stock
exchange (ADX).
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What distinguishes us
Our vision
To become a leading regional group
connecting Africa and maximizing
value to all stakeholders through ICT
and innovation.
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OUR VALUES
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2022-2026
Growth &
Sustainability
2022-2024
Reform
2022-2021
Restoration
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A Telecom Group
OVERALL PERFORMANCE
REVIEW SUMMARY
Revenues, Profit, and Earning Per Share:
37%
REVENUE IN USD
2021
281.7 MILLION
DOLLARS
NET INCOME
2021 EARNING BASIC AND DILUTED
20.04
PER SHARE IN DOLLARS
2021
MILLION
DOLLARS
CAPEX
136.9 MILLION
DOLLARS
The group spent 136.9 mUSD in CAPEX in the
period ending in December 31st ,2021
Financial Risk
13.3 MILLION
SUBSCRIBERS
Shareholder Equity
Shareholder equity went up to 681
mUSD in December 31st ,2021 up 405
mUSD from 276mUSD in December
31st ,2020. This is due to the effect of MILLION
DOLLARS
asset revaluation, hard currency rate
and higher net income.
MILLION
DOLLARS
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CORPORATE
SOCIAL RESPONSIBILITY
Since 1993, Sudatel has contributed through its infrastructure to business
development by facilitating goal achievement of all kinds of institutions
and businesses whose character and behaviour reflect social
responsibility and community spirit. With the aim of achieving a better life
for all stakeholders and preserving the environment for the safety of the
planet by contributing to various areas of life, encouraging innovation, and
supporting digital transformation projects to provide water, health, and
quality education, bearing in mind its contribution to achieving
sustainable development goals.
Sudatel was awarded the Business Ethics Award by the regional network
for social responsibility, in Bahrain.
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initiated in 2008
benefited six hundred students and a hundred
schoolteachers, in 2021.
Watering program
Sudan
37
19 A Telecom Group
A Telecom Group
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A Telecom Group
Raghdah Mustafa
Mohammed Tawfeeg
Chief Human Resource Officer
Homam Osman
Chief Technology Officer
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A Telecom Group
Customers ARPU
8.6M 1.7$
NAGLA
EBITDA Coverage
CFO
49% 83%
YOUSIF
Technology CAOof BTS
No
4G 1625
MOHAMED
KAMAL
CIO
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Overall performance
review summary
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2020 2021
Mobile subscriber base 8.5M 8.6M
Revenue in USD 160.9M 140.5M
EBITDA 41.8 68.1
Net income -10.8 36.7
Our media presence and activities were light and precise for
2021
social total audience (where LinkedIn followers Engagement rate have grown
have grown by had the leading growth that year by an average of
We managed in Facebook
k M
Sudani led the market in Facebook
Fans
platformby achieving
The challenge in 2021 was attaining our targets while maneuvering around direct communication
restrictions during covid-19, despite this situation, we managed to achieve good growth and improved
business experience.
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Moreover, the Center provides It provides its services to all institutions with
cloud computing and benchmark high quality and reasonable price, with its
services with the highest stan- valuable infrastructures, such as Colocation,
dards of reliability for IT infrastruc- Dedicated Servers Virtual Servers, and SAN
ture in terms of security, protec- Storage The center is designed according
tion, network monitoring, power to the latest international standard specifi-
reserves, and backup data. cations and will have a cost-effective
economic saving time and effort.
highest standards with emphasis gy so that the best vessel for big data,
5.3
24.6 Million
Million
2021
2020
Subscriber
7,305
10,418
Subscriber
Subscriber
2021
2020
2
beIN Connect: -
beIN Connect is a voucher-based value-added service that
is partnered with beIN MEDIA GROUP, the global sports,
and entertainment broadcaster.
This partnership will give Sudatel subscribers access to
beIN CONNECT’s 24 channels with exclusive entertain-
ment options, on multiple devices. With weekly or month-
ly packages bundled with Sudani’s high-speed mobile
data.
The service was launched in April 2021 and generated total
revenue of approximately 2.5M with more than 1K sub-
scribers. Sudani is the only company providing this offer on
the local market.
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(SFSP )
(WFP )
(ICRC)
Mauritania
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Customers ARPU
1.5M 3.3$
EBITDA Coverage
34% 71%
Technology No of BTS
4G 445
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2020 2021
Mobile subscriber base 1.6 1.5
Revenue in USD 60.7 61.4
EBITDA musd 19 19.6
Net income musd 5.8 -3.9
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4.6M 27%
Launch
2006
SECOND OPERATOR
IN COUNTRY
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CDMA customers smooth migration and shut Manage to launch 4G although it was later than
down as a result of 15 months of continuous competitors by 8 months however the campaign
work which had a good impact on Opex was successful and started to recover on Dec.
saving. Competition price made it difficult for quick
recovery as a challenge, however, we started to
see the improvement on Dec.
Technical
Launch 4G in 7 Big City. Improve ERP Module Maintain Network Operation in an acceptable
(to be paper less company 2022)
Limited Backbone expansion level despite the challenges and open issues.
OCS Hardware Expansion
Partial Core Swap.
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Senegal
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Customers ARPU
3.3M 1.75$
EBITDA Coverage
25% 66%
Technology
No of BTS
4G 699
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2020 2021
Mobile subscriber base 2.6 3.3
Revenue in USD 65.2 69.1
EBITDA 13 17.3
Net income -15.9 -13.3
2021 was a challenging year for Expresso This was a new idea to the market, and it has improved
Senegal, with the change in management subscriber acquisition and improved the net add as will
whereby the new CEO joined on March 21. be illustrated in the below points. In Sep-21, the
Upon the arrival of the new CEO, Expresso commercial department performed revamp of the
Senegal was ready to launch the 4G to its existing Value Proposition Portfolio accompanied by the
customers after obtaining the license from the change in the approach of the promo campaigns. The
Regulatory. The launch of 4G has significantly change in this portfolio led to steady growth in
boosted the data revenue and hence improved consumer revenue. Afterword beginning of Nov-21,
the customer’s ARPU. The outgoing revenue Expresso Senegal experienced another change in the
increased by 13% in Mar-21 compared to Feb-21. management by the departure of the CEO and the COO
This result has been achieved although the resumed the role of A/CEO immediately. In the same
communication budget was not sufficient, the month Nov-21, the Network team successfully executed
campaign was simple, and hence only basic the expansion project by expanding 100+ sites from 2G to
communication methods have been used to 3G/4G technology. This expansion also boosted the data
communicate. The launch of 4G was followed revenue significantly.
by the launch of one of the product campaigns
which is the “Dynamic Discount”.
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M 16%
Launch Date April
Launch
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from
80% 55% to
Increased 4G coverage
45% 0%
from to
60%
5M
Increased 3G capacity by
ﺷﺒﻜﺔ اﻻﺗﺼﺎل
6%
Overall revenue increased by 6% YoY.
2021 closed by $64.6M.
49%
Data revenue increased by
21.4%
Customer base increased from 2.681M to 3.254M
which is a 21.4% growth in Revenue Generated
Customer base.
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Dubai
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53%
13%
EBITDA
Increase in revenue over the year 2020,
reaching 10.7 million
557K
It achieved positive net income for the
first time since establishing its business
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OUR
INVESTMENTS
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ARAB SUBMARIN
2020 2021
DOLPHIN
2020 2021
SUDABIL
2020 2021
Revenue SDG
341M 1.3B
SUDASAT
2020 2021
Revenue SDG
631M 2.6B
EBS
2020 2021