Mobilink posts solid Q3CY16 results

Mobilink also witnessed a higher Mobile Financial Services YoY revenue increase of 42%

ISLAMABAD: Mobilink posted a strong positive growth of 17% on its Year-on-Year (YoY) organic revenue for the quarter ended September 30, 2016 (Q3 2016) driven by growth in all revenue streams. For the same period, the company has reported Rs38.5 billion post-merger consolidated revenue for both companies, up from Rs25.9 billion as reported in Q3 2015. Mobilink’s ascent was driven by a data revenue growth of 71% YoY mainly due to successful data monetisation initiatives, including attractive bundle offers and the unification of the tariff portfolio, together with continued 3G network expansion. Mobilink also witnessed a higher Mobile Financial Services (MFS) YoY revenue increase of 42% thanks to new over-the-counter products and higher agent activity.

Published in The Express Tribune, November 8^th, 2016.

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