New Market Study, "Kuwait Telecommunications Report Q1 2014", Has Been Published
The Kuwaiti government clamped down on expatriate workers in 2013, with plans to cut its 1.8mn expatriates by 100,000 annually over the next decade. This poses a downside risk to our subscriptions growth outlook on the back of a higher negative net migration rate. In view of this development, we reiterate our view that Kuwaiti telecoms services providers, particularly the country's three mobile operators, must diversify their services portfolios and, consequently, revenue streams to offset the expected decline in revenues...
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