Algeria's Djezzy dealt heavy blow in Q1A worsening economic environment and rising tariff competition in Algeria has impacted on mobile operator Djezzy and said to be the main reasons why its Q1 2017 revenue was down by 15%. Slow growth in subscriber numbers and market price competition is said to have lowered average revenue per user (ARPU) numbers. However, data revenue organic growth has remained strong due to "the higher usage and substantial increase in data customers as a result of the 3G and 4G/LTE network" roll-out. Djezzy's parent company Veon, formerly VimpelCom, expects the pressure on operations to continue. Algeria's challenging macro-economic environment, characterised by an accelerating inflation rate, has also affected the local mobile operator's performance.

Source: The North Africa Journal May 12, 2017 08:03 UTC