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FINANCIAL NEWS
Saudi mobile subscribers increase 20% last year
21 Feb 2010
(MENAFN) A survey conducted by Business Monitor International (BMI) found that the Saudi mobile customer base grew by just over 20 percent in 2009, slightly lower than in 2008 when the market grew by 26.7 percent, The Saudi Gazette reported.
Saudi Arabia’s high mobile penetration rate, which had exceeded 177 percent by the end of 2009, can be explained with reference to the country’s two largest mobile operators, Saudi Telecom Company (STC) and Mobily (owned by Etisalat of the UAE).
BMI estimates that over 13 percent of Saudi mobile telephony customers had 3G handsets at the end of 2009. By the end of 2014, we predict that the proportion of 3G users will have risen to almost 40 percent.
Based on an assessment of the latest regulatory data, BMI estimate that the Saudi fixed-line sector grew by 3.9 percent in 2009.
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