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Population boosts telco sector
- United Arab Emirates: Sunday, December 23 - 2007 at 07:24
A report by Egyptian bank EFG-Hermes has said the UAE's rapidly expanding population will drive the growth of the telecommunications sector into next year and beyond, according to Gulf News. The bank expects the mobile segment to grow at a rate of 10.2% next year, down from this year's estimate of 29.5%, while fixed line penetration, currently at 30%, will increase gradually over the next five years.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 23 - 2007 at 07:24 UAE local time (GMT+4)
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