Saudi Arabia Telecommunications Report Q3 2012 - New Market Report Now Available
Saudi Arabia's three mobile operators reported strong financial results in Q112, benefiting from increased usage of high-value services. Incumbent STC recorded a 12% and 60% y-o-y growth in consolidated revenue and net income respectively, while Etihad Etisalat (Mobily) recorded 12% and 21% y-o-y growth in revenues and profits for its Saudi operations. Although third-ranked Zain KSA is still in the red in terms of profits, the operator cut its losses by 18% in Q112 compared to Q111 after a 3%...
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