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 Tuesday, December 22, 2009

The number of Saudi Arabia's mobile phone subscriptions topped 41 million at the end of the third quarter, according to the country's Communications and Information Technology Commission. This compares to a mobile penetration of 162 percent. The quarterly growth is caused by increased competition between the three mobile operators in a country that has a growing population of 25 million. While subscriptions numbers have increased Mobily was the only one of the three providers to record a rise in net profit for the third quarter, posting a higher than expected SAR 807 million. STC's profits declined by 20 per cent to SAR 2.4 billion while Zain Saudi Arabia posted a 26.3 percent increase of its net loss. Broadband subscriptions rose to almost 2 million at the end of the third quarter, up from 1.3 million in 2008, the data showed. Fixed lines stood at 4.17 million with a penetration rate of 68 percent, almost unchanged compared to 2008 which the commission blamed on strong demand for mobile services.

Source: TelecomPaper