Mubasher: Jordan's Orange Telecom board in an Extraordinary General Meeting (EGM) approved the company’s capital decrease by 25% to JOD 187.5 million from JOD 250 million, as there is no need for the surplus.

The Amman listed company earlier reported a decline in its nine months profit to JOD million.

Jordan’s Telecom is capitalized at JOD 250 million distributed across 250 million shares, with JOD 1 for each.