Companies / Saudi Arabia
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Mobily Achieves 39% Market Share, Seeks ISP Buy
April 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Etihad 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.