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FINANCIAL NEWS
Dubai- Thuraya to see 10% gain in 2012’s revenue
20 Dec 2012
(MENAFN) Thuraya’s chief executive, Samer Halawi, stated that the Dubai-based satellite phone firm forecasts its revenue for the current year to grow 10 percent from 2011, reported Arabian Business.
Halawi said that the company, which operates 2 satellites that cover 140 countries in Europe, Africa, Asia and Australia, focuses on data and plans to increase earnings from its Asia satellite.
Thuraya, which has a 65-percent revenue share in the markets and sectors it operates in, recorded around 60-percent surge in the number of data subscribers in 2012, to nearly 200,000, divided between voice and data.
He added that the firm’s services are sold on a wholesale basis, with local agents dealing with customers directly.
It is worth noting that UAE’s Etisalat owns 28 percent of Thuraya, and Qatar Telecom holds nearly an 8-percent stake.
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