Umniah, the Jordanian unit of Batelco, plans to invest $150m over the next two years to expand its mobile and fixed broadband services in the kingdom, Bloomberg has reported. The segments have "low market penetration of not more than 4% or 5% in terms of subscription, and between 27% and 30% of users' penetration," Ihab Hinnawi, CEO of Umniah told the news service.
You might also like...
Cyberattacks impact 44% of UAE retailers
24 April 2024
Abu Dhabi and Oman launch $180m tech fund
24 April 2024
Oman LNG wins key supply deals
24 April 2024
UAE and Oman firms sign $32bn energy deal
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.