UAE telecom market to rise 63%
United Arab Emirates: Thursday, July 03 - 2008 at 10:48
The UAE telecom market is projected to grow 63% to Dhs35.27bn ($9.6bn) in four years boosted by a rising mobile phone penetration rate that will hit a regional high of 188%, according to a report by market analyst Al Mal Capital. UAE's population growth, projected at a five- year compounded annual growth rate (CAGR) of 4.8%, will be the key driver for the sector, resulting in a combined CAGR of 8.6%, reported Khaleej Times.
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Jeff Florian, Senior ReporterThursday, July 03 - 2008 at 10:48 UAE local time (GMT+4)
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