Companies / Bahrain
If you would like to subscribe to Middle East & Africa Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Telecommunications Insight please click on the trial link below.
Jordan Telecom To Take Tentative International First Steps
November 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Telecommunications Insight please click on the trial link below.
Jordan Telecom is planning to acquire a 50% stake in Bahrain-based fixed-line operator Lightspeed Communications in 2007, according to its Chairman Shabib Ammari. This marks the first phase in its international expansion plans, with some US$300mn set aside to buy stakes in other Middle East telecom and internet operators, as it diversifies its revenues away from its highly competitive domestic telecoms market. Jordan's fixed-line market has been in decline for some time now, with ITU statistics illustrating that between 2001 to 2004 (latest available figures), penetration rates fell some 11.4 percentage points to 2.4%. The reason for this, as in