Bahrain Telecommunications Q4 2018
We have made minor adjustments to our forecasts this quarter but our core view remains unchanged. Regulatoryupdates regarding biometric SIM registration and new ownership limits has led to a severe decline of mobile subscribers during2017 and Q118. Despite this, the Bahraini mobile market is still highly saturated: we forecast limited growth in mobile subscriptionsto 2027. Growth in the mobile market will come from the uptake of 4G services and investment into new technologies, as well asthe corporate sector and other VAS. In the wire line sector, regulatory developments for the establishment of a national broadbandnetwork are a positive step in the right direction, although we believe mobile broadband will continue to be the main point of accessto Internet services.
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