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Fri, 09 Jan 2009 | 02:44 GMT

Jordan Telecom Group   (JTEL.ASE)
Also known as: JT, JTG, Jordan Orange, Jordan Telecom, Orange
Sector | Industry
Telecoms and IT | Telecom Operators
 
Country of Origin
Jordan
Last Trade
4.85 JOD
- 0.82%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Mar 03, 2008
 
Joint Stock
 
 
Provides telecommunications services for fixed and mobile lines; internet and data services; whole sale and content services.
Telecommunications Corporation (TCC) until January 1997
1971
2,653
Orange
52 throughout Jordan
 
 
 
 
JTEL 
Ordinary 
JOD 
 
 Key Officers
Shabib Farah Ammari
Chairman
Mickael Ghossein
Chief Executive Officer
 
 Contact Details
Address:
City Center Building
1st Circle
P.O. Box 1689
Amman 1118
Jordan
 
+962 6-460-6666
 
+962 6-460-6111
 
info@jordantelecomgroup.jo
 
www.jordantelecomgroup.jo
www.orange.jo
 
www.jt-fund.jo
www.francetelecom.com

 
  Latest Headline
Mobile operators decry proposed tax on phone calls - Jordan Times
 
  Secondary Offering Details
Subscription
Period:
25Jul06 to 31Jul06
Size of Offering:
$41.13M
Equity Offering:
2.50%
Lead
Managers:
Al Arabi Investment Group Company, Goldman Sachs, SHUAA Capital
 

  Business Overview
The Jordan Telecom Group (JTG) provides fixed, mobile, and data telecommunication services, directly and through subsidiaries, to 2.4 million group subscribers in Jordan.

JTG had 1.71 million mobile subscribers in 2007, representing an annual increase of 21.7%, and earning it a 32.4% market share. The company grew its annual Internet subscribers by 70.2% to 65,700, earning a 50% market share. The annual fixed-line subscribers decreased by 2.5% to 660,100.

JTG’s fixed-line service generated JOD210.2 million (USD296.5 million) in 2007, which accounted for 52.8% of total revenues. Mobile services generated JOD173.9 million (USD245.3 million), which accounted for 43.7% of total revenues. Internet and data services generated JOD13.8 million (USD19.5 million), which represented 3.4% of total revenues.

JTG was established in 1971 as a state-owned company until the government incorporated it in 1997 as a first step in a privatization process. JTG's privatization began in 2000, when a consortium made-up of France Telecom and Arab BankArab BankLoading..., acquired 40% of the company. France Telecom played a significant role in the privatization of JTG, when it began gradually accruing shares till it became JTG’s controlling shareholder in 2006, with a 51% stake and management rights from 2000 until 2008. The state-run Social Security Corporation (SCC)Social Security Corporation (SCC)Loading... owns 29% of JTG, and the Noor Telecommunications Holding Company holds 10%, as of the close of 2007.

After consolidating its controlling stake in JTG, France Telecom combined the company’s operations and all of its subsidiaries into a single organization with a shared management structure. All products that were formerly offered through its subsidiaries’ brand (fixed-line service directly through JTG, mobile services through MobilecomMobilecomLoading..., Internet through Jordan Data CommunicationsJordan Data CommunicationsLoading..., and business services Innovations and Corporate Integrated SolutionsInnovations and Corporate Integrated SolutionsLoading...) were consolidated under its new brand, Orange, which it introduced in the spring of 2007.

JTG began expanding its presence outside of Jordan by acquiring 51% of Lightspeed CommunicationsLightspeed CommunicationsLoading..., a fixed line operator and Internet provider in Bahrain for USD5.2 million, in April 2007.
 
 
  Industry Benchmarks  Yr 2006  Yr 2007  Change (%)
 
  No of Fixed-Line Subscribers 677,100  660,100  (2.51) 
 
  Penetration Rate - Fixed-Line (%) 11%  9.7%  N/A 
View latest report on Telecom 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Innovations and Corporate Integrated Solutions Jordan 100.00%
Jordan Data Communications Jordan 100.00%
Petra Jordanian Mobile Telecommunications Company Jordan 100.00%
Lightspeed Communications Bahrain 51.00%
Investments
 
Name  Country  Holding
Arab Satellite Communications Organization Saudi Arabia 4.05%
Funds
 
Name  Country  Holding
Jordan Telecom Group Fund [via Jordan Telecom Group Foundation] Jordan -
Companies Under Management
 
Name  Country  Holding
Société de Développement des Télécommunications du Liban Lebanon -
Divisions
 
Name  Country  Holding
Jordan Telecom Group Foundation Jordan -
Programs and Initiatives
 
Name  Country  Holding
NExt Program Jordan -
 
 
  Representatives
Auditors
 
Ernst and Young
 
Banks
Arab Bank
Housing Bank for Trade and Finance
Law Firms
Dayef Allah Al Masa'deh
Ibrahim Al Amoush
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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