MTN Syria

Last updated
MTN Syria
ISIN SY0031100330
Industry Telecommunications
PredecessorInvestcom
Founded2007
Headquarters,
Area served
Syria
Products Mobile network operator, Internet services
ServicesTelecommunications & Data
Revenue362,575,590,450 Syrian pound (2022)  OOjs UI icon edit-ltr-progressive.svg
47,064,621,763 Syrian pound (2022)  OOjs UI icon edit-ltr-progressive.svg
36,432,181,026 Syrian pound (2022)  OOjs UI icon edit-ltr-progressive.svg
Total assets 504,483,310,523 Syrian pound (2022)  OOjs UI icon edit-ltr-progressive.svg
Owner MTN Group, TeleInvest
Number of employees
1281 (October 2012)
Parent TeleInvest Ltd, subsidiary of Dallah Al-Baraka
Website Official website

MTN Syria is one of the two only mobile operators in Syria, the other being Syriatel. [1] MTN Syria was previously known as "Areeba". It offers GSM and 3.5G broadband 4G (LTE) services.

Contents

In 2020, MTN Group decided to sell the remaining of 75% of its share in MTN Syria to the Saudi-owned TeleInvest Ltd, which already owns 25% of the company. [2]

Statistics (October 2012)

Active subscribers5.978.660
Population coverage99.5%
Geographical coverage80%
Technologies 2G, 3G, 3.5G, LTE
Retail Base3735
Current statusActive

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References

  1. "MTN Syria 2010 Profit Up 83% to $132 Million on Customer Rise". Bloomberg.com . 21 February 2011. Retrieved 4 June 2012.
  2. "UPDATE 3-South Africa's MTN to exit Middle East to focus on Africa". Reuters. 6 August 2020.