Room For Growth In The Saudi Telecom Market

News: Al Rajhi Capital has reported in a recent sector report that the Saudi Arabian telecoms market is currently saturated with almost 200% penetration; however, there is still opportunity for growth in the data segment with significant capital expenditure, according to Zawya. Data penetration in the country still remains low at 40%, and is expected to grow in the coming years as smartphone penetration is estimated to climb to 50% by 2016. Data growth and opportunities in the corporate segment should remain the two key drivers for Saudi telecoms companies.

This article is tagged to:
Sector: Telecommunications
Geography: Saudi Arabia, Saudi Arabia, Saudi Arabia, Saudi Arabia

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