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UAE telecoms rivals suffer revenue decline

The research department at Al Ramz Securities has said that the UAE telecom sector is suffering from falling revenues as the country's rival telecommunications companies prepare to compete for each other's customers, The National has reported. Talal Toukan, the department's head has explained that the market is already oversold and competition is intensified, especially with number portability expected by the third quarter this year between the two operators, overall mobile average revenue per user could stagnate at the very least and could possibly drop at worst.