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MTN Syria
ISIN	SY0031100330
Industry	Telecommunications
Predecessor	Investcom
Founded	2007
Headquarters	Damascus, Syria
Area served	Syria
Products	Mobile network operator, Internet services
Services	Telecommunications & Data
Revenue	362,575,590,450 Syrian pound (2022)
Operating income	47,064,621,763 Syrian pound (2022)
Net income	36,432,181,026 Syrian pound (2022)
Total assets	504,483,310,523 Syrian pound (2022)
Owner	TeleInvest
Number of employees	1281 (October 2012)
Parent	TeleInvest Ltd, subsidiary of Dallah Al-Baraka
Website	Official website

MTN Syria is one of the two only mobile operators in Syria, the other being Syriatel.^[1] MTN Syria was previously known as "Areeba". It offers GSM and 3.5G broadband 4G (LTE) services.

In 2020, MTN Group decided to sell the remaining of 75% of its share in MTN Syria to the Saudi-owned TeleInvest Ltd, which already owns 25% of the company.^[2]

Statistics (October 2012)

Active subscribers	5.978.660
Population coverage	99.5%
Geographical coverage	80%
Technologies	2G, 3G, 3.5G, LTE
Retail Base	3735
Current status	Active

References

^ "MTN Syria 2010 Profit Up 83% to $132 Million on Customer Rise". Bloomberg.com. 21 February 2011. Retrieved 4 June 2012.
^ "UPDATE 3-South Africa's MTN to exit Middle East to focus on Africa". Reuters. 6 August 2020.

External links

[1] "MTN Syria 2010 Profit Up 83% to $132 Million on Customer Rise". Bloomberg.com. 21 February 2011. Retrieved 4 June 2012.

[2] "UPDATE 3-South Africa's MTN to exit Middle East to focus on Africa". Reuters. 6 August 2020.

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