Palestinian operator Paltel posted a 2.6 percent increase in its 2013 revenue to USD 529 million from USD 516 million in 2012. Net income rose by 11.8 percent to USD 129 million from USD 115.8 million 2012. The group said in a statement that it achieved a stable and continuing growth in its overall customer base to 3.25 million subscribers by the end of 2013, up 2.7 percent. EBITDA reached USD 231 million compared with USD 215.7 million at the end of 2012, up 7.1 percent.

Earnings Per Share (EPS) rose to USD 0.98 from USD 0.88 The board has recommended cash dividends of 50 percent of the nominal value. This is the highest for the group and the Palestine Exchange dividend history, and is considered one of the highest in the region as well.