Full Transcript of Orascom Telecom’s 3Q05 Conference Call — Prepared Remarks (ORSTF)

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Earnings Call Excerpt

Here’s the entire text of the prepared remarks from Orascom Telecom’s (ticker: ORSTF) Q3 2005 conference call. The Q&A is here.

Conference Call Third Quarter, 2005
Date : 22 nd November, 2005
Time : 17:00

Speakers from OTH:
Naguib Sawiris Chairman & CEO
Aldo Mareuse Executive Officer Finance & CFO
Hatim El Gammal Investor Relations Director

Operator:

Thank you for standing by and welcome to the Orascom Telecom Third Quarter 2005 results conference call. At this time all participants are on listener mode. I will now hand the conference over to Paul Sydney. Please go ahead Mr. Sydney.

Paul Sydney:

Hi Good morning and good afternoon ladies and gentlemen. My name is Paul Sydney from Credit Suisse in London and I would like to welcome you all to the Orascom Telecom conference call to discuss the results for the third quarter, 2005. Representing Orascom Telecom in today’s call, it is my great pleasure to introduce Mr. Naguib Sawiris Chairman and CEO, Mr. Aldo Mareuse EFO and CFO and Mr. Hatim El Gammal Investor Relations Director. The call will begin with a presentation by Mr. Sawiris and this will be followed by a question and answer session, so without any further delay I would like to pass the call over to Mr. Gammal just to make a very brief statement prior the presentation.

Hatim El Gammal:

Good afternoon ladies and gentlemen, I would like welcome you to our third quarter results of 2005, I would also like to make the standard forward looking, safe harbor statement, before we start our conference call, some of these statements are expectations based on reasonable assumptions; these forward-looking statements are subject to numerous risks and uncertainties. These statements may not be regarded as a representation of anticipated results which will occur on our expected objectives. The forward-looking statements are only valid until this date and Orascom Telecom does not undertake to update these in any form. I would like to hand over the call to Mr. Naguib Sawiris who will give us an update on the vision and strategy of Orascom Telecom followed by Mr. Aldo Mareuse who will also give us an update on our financial results.

Naguib Sawiris:

As you see from the results it is a reflection of our on going strategy to capture the maximum percentage of the market share where we are the leaders in Algeria, Pakistan and Egypt. You can see that we have maintained our dominant market share where the loss of market share is very minimal. You can also see what we promised a year ago that our margins will improve based on the subscriber increase. It is happening now. Our EBITDA margin has risen. There is nothing new to our continuing strategy; we are continuing the strategy of extracting maximum number of subscribers in the markets we are in. We believe in this long term strategy, which will increase our targets by year end to approximately 28 million subscribers. In this quarter alone we added four million then we could even supersede the target of 28 million. I will give the word to Mr. Mareuse our CFO, and if you have any questions I am on the call with you.

• Source: ORSTF website.
• The Q&A from this call is here.
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