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Mobily looks to profit
- Saudi Arabia: Wednesday, February 01 - 2006 at 06:46
Saudi's second mobile operator Mobily aims to post a profit by the end of 2007, and lift subscriber rates by 74% in 2006, according to its corporate communications manager quoted by Reuters. The telco had cut losses at the end of Q4 2005 to $0.8m, more than 98% down from the end of Q3. With a penetration rate of 56%, the Saudi mobile market still has room to grow.
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James McInerney, News EditorWednesday, February 01 - 2006 at 06:46 UAE local time (GMT+4)
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This article was updated on Tue Mar 27 2007.
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