By Staff writer
The sector’s revenues registered a Compound Annual Growth Rate (CAGR) of 4.6 percent between 2010 and 2015
Revenues for Bahrain's telecom sector rose 4.7 percent from $1.139 billion (BD430 million) in 2014 to $1.193 billion (BD450 million) in 2015, revealed a report by the Telecommunications Regulatory Authority (TRA).
From 2010 to 2015, the sector’s revenues registered a Compound Annual Growth Rate (CAGR) of 4.6 per cent, according to the report revealed by Trade Arabia.
During the same period, $1.25 billion (BD473 million) in investments, including $130 million (BD49 million) from telecommunications operators in 2015, were put into the sector in order to fulfil increasing demand for mobile services, resulting in economic growth for Bahrain.
“Despite intense competition, sector revenue grew by $53 million (BD20 million) between 2014 and 2015. Looking forward, this growth is expected to continue with the implementation of the government policy outlined in the Fourth National Telecommunications Plan,” said TRA’s general director Mohammed Bubashait.
“This plan will enhance the ability of the kingdom and its citizens to achieve a range of societal, growth, and economic diversification objectives,” he added.
Currently, there are around 2.8 million mobile subscribers in Bahrain, marking a 201 percent mobile penetration rate.
While 80 percent of Bahrain’s mobile market remains mainly prepaid, the number of post-paid subscriptions has risen 5 per cent between the second quarter of 2015 and the second quarter of 2016 as a result of attractive post-paid offers.
The telecommunications market has also maintained its level of employment with 3,200 employees working in the sector at the end of 2015, of which 68 per cent are Bahrainis.