Companies / Saudi Arabia
Mobily Achieves 39% Market Share, Seeks ISP Buy
April 2008 | Company News AlertEtihad Etisalat, Saudi Arabia's second mobile network operator, reports that it had signed up 11.1mn subscribers by the end of 2007, raising its share of the market to 39% less than three years after it began competing with the Al-Jawwal service of incumbent Saudi Telecommunications Company (STC). The company, which trades as Mobily, also claims that its sales grew by 44% to SAR8.44bn in 2007, while its net profits almost doubled to SAR1.38bn.
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