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Saudi telecom firms earned SR65bn in 2011

According to data by Saudi Arabia's Communications and Information Technology Commission (CITC), telecom companies in the kingdom have earned SR65bn from their operations at the end of 2011, and realised an average growth rate of 12.8%during 2001-2010, Arab News has reported. Revenues of mobile communication services accounted for 80% of the total revenues while fixed telephony and data services took the remaining 20% of the revenues. The number of subscribers to telecommunication services stood at 53.7 million by the end of 2011 where prepaid customers accounted for 87% of overall subscribers, the report said.