“Population Growth to Push UAE Telecom Expansion”
In the July 19, 2008 issue of Gulfnews (UAE), Partner Ghassan Hasbani (Middle East) is quoted in an article explaining how the overall Middle East telecom market is reaching saturation levels. Booz & Company research indicates that the sector experienced a compound annual growth rate of 44 percent between 2003 and 2007, with subscribers increasing from 24 million to 103 million. “Going forward, high growth levels will become increasingly difficult to sustain by relying only on traditional expansion,” said Hasbani. “So cross-border consolidation is expected to become increasingly common in the region.”