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Wataniya Palestine Mobile Telecommunications (WATANIYA)

Overview

WATANIYA
Overview
 

Wataniya Mobile is the second mobile telecommunications company to have been licensed in Palestine and aims to bring the latest mobile technologies to Palestinian consumers. This development marks the first time that competition has been introduced to a major industry in Palestine. Wataniya Mobile successfully launched its operations on 1 November 2009, three years after winning a competitive bid for its License, having overcome several challenges during this period, and with extensive support from Qtel, PIF, the PNA, the MTIT, the Quartet and other international agencies.

Wataniya Mobile’s License authorizes the Company to build and operate a GSM telecommunications network and provide public mobile voice and data telecommunications services in the West Bank and Gaza. It also gives the Company the right to establish and operate a 3G network and to provide international telecommunication services through its own international gateway. Following the allocation of frequencies, Wataniya Mobile launched commercial mobile telephony services within the West Bank in November 2009.

 Wataniya Mobile is licensed to operate in Gaza, but due to the existing political situation, Wataniya Mobile has not currently commenced operations there. It is the intention of Wataniya Mobile’s management to launch in Gaza as soon as practicable.

 
Year Total revenues Total expenses Net income (Loss) Dividends Capital Subscribed Capital Market Cap
2009 2,074,951 14,143,877 29,330,165 - 170,000,000 170,000,000 -
2010 38,312,788 19,103,361 56,249,535 - 258,000,000 258,000,000 -
2011 74,999,017 22,692,918 26,179,253 - 258,000,000 258,000,000 337,980,000
2012 84,120,379 27,054,912 23,826,190 - 258,000,000 258,000,000 327,660,000
2013 89,214,709 30,078,266 21,324,882 - 258,000,000 258,000,000 263,160,000
2014 85,310,995 24,836,486 16,525,607 - 258,000,000 258,000,000 219,300,000
2015 83,197,778 28,655,161 5,137,335 - 258,000,000 258,000,000 219,300,000
2016 84,118,637 27,489,911 1,537,941 - 258,000,000 258,000,000 224,460,000
 
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