2012-06-29 09:20:13 - Recently published research from Business Monitor International, "Bahrain Telecommunications Report Q3 2012", is now available at Fast Market Research

In this quarter's update to BMI's Bahraini Telecommunications report, we analyse trends in the country's mobile, fixed-line and internet sectors and the effect of regulatory, industry specific and macroeconomic developments on the overall telecoms sector. We also update our five-year growth forecast, through to 2016, based on full-year 2011 market data published by the Telecommunications Regulatory Authority (TRA) of Bahrain and the latest financial and operational data published by the country's two biggest mobile operators - Batelco and Zain Bahrain.

Bahrain's telecoms market has shown strong resilience in terms of subscriber growth in the face of heightened political and economic risks in the country as a result of continued anti-government protests by a section of the population. The country's leading operators

reported positive growth in Q411, especially in the mobile voice and data segments. However, this has not been matched by the financial performance of the country's telecoms service providers, a development we attribute to lower revenue, because of promotional activities and rising input costs because of the adverse macroeconomic environment. Batelco's Q112 results were hit by the operator's exit from the Indian market in February. The operator's consolidated revenue fell by 4% y-o-y to BHD78mn, compared to BHD80.8mn in Q111. Group net profit and EBITDA also fell by 8% y-o-y and 15.2% y-o-y to BHD16.2mn and BHD28.3mn respectively.


Full Report Details at
- www.fastmr.com/prod/404150_bahrain_telecommunications_report_q3_ ..


In March 2012, the government announced plans to develop a technology neutral licence award process for the 70MHz of 2.6GHz paired spectrum, 40MHz of 2.1GHz paired spectrum, 15Mhz of 1.8GHz of paired spectrum, 5.6MHz of 900MHz paired spectrum, and 15Mhz of unpaired spectrum at 1.9GHz. The TRA expects to award the first tranche of 40MHz at 2.6GHz in late 2012 or early 2013.

According to regulatory data, there were 1.694mn mobile subscribers in Bahrain at the end of 2011, up by 8% year-on-year (y-o-y) from 1.567mn at the end of 2010. The mobile sector remains dependant on prepaid subscriptions, which accounted for 81.5% of total mobile subscriptions at the end of Q411. Over the next five years, we expect growth to be limited by the discounting of inactive lines and a shift in focus to high-value postpaid subscriptions. We therefore expect mobile growth to slow in the latter years of our forecast period. BMI expects 1.75mn subscribers by the end of 2016, with penetration sliding to 123.1%.

The fixed-line market recorded net additions of 15,054 subscribers in 2011 to reach 242,407 connections. This reversed a net loss of 10,268 subscribers in 2010. As a result, fixed-line penetration increased marginally by 0.3pps to reach 18.3% at the end of 2011. The performance of the fixed-line sector in 2011 is remarkable considering the heightened political and economic risk during anti-government protests that lasted for most of the year. For its part, the broadband sector recorded significant growth in 2011, with net additions of 86,164 to reach 290,371 connections. Our forecast show broadband subscriptions will reach 513,000 by 2016, equivalent to a penetration rate of about 36.1%.

Partial Table of Contents:

SWOT Analysis
- Bahrain Mobile SWOT
- Bahrain Wireline SWOT
- Bahrain Political SWOT
- Bahrain Economic SWOT
- Bahrain Business Environment SWOT
Risk/Reward Ratings
- Middle East And North Africa
- MENA Telecoms Risk Reward Rankings, Q312
- Bahrain
Industry Forecast Scenario
- Mobile
- Table: Telecoms Sector - Mobile - Historical Data & Forecasts, 2009-2016
- Mobile ARPU
- Table: Blended ARPU (BHD), 2009-2016
- Fixed Line
- Table: Telecoms Sector - Fixed Line - Historical Data & Forecasts, 2009-2016
- Internet
- Table: Telecoms Sector - Internet - Historical Data & Forecasts, 2009-2016
Market Data Analysis
- Mobile
- Table: Bahrain Mobile Market, Q411
- Subscriber Mix
- ARPU
- 3G
- Mobile Contract Wins
- Table: Mobile Contract Wins, 2005-2010
- Mobile Content
- Regional Outlook
- Country Outlook
- Mobile TV
- Mobile Banking
- Value-Added Services Timeline
- Table: Selected VAS Services, 2007-2010
- Mobile Operator Data
- Table: Bahrain Mobile Market Overview
- Table: Zain (MTC-Vodafone
- Table: Batelco
- Fixed Line
- Table: Number Of Fixed Telephone Lines, 2008-2011
- Table: Services Offered By Licensees, December 2011
- VoIP
- Internet
- WiMAX And LTE
- IPTV
- Wireline Contract Wins
- Table: Wireline Contract Wins, 2006-2010
Regulatory Environment & Industry Developments
- Table: Bahrain Regulatory Bodies And Their Responsibilities
- Legislation And Market Liberalisation
- Regulation
- Licensing and Spectrum
- Competition Policy
- Mobile Termination Rates
- Industry Developments
Competitive Landscape
- Key Players
- Table: Key Players: Bahrain Telecoms Sector
- Table: Bahrain Financial Indicators
Company Monitor
- Table: Cisco Financial Performance By Theatre (US$mn), H1 FY12
Operator Profiles
- Bahrain Telecommunications Company (Batelco)
- Zain (Formerly MTC Bahrain)
Regional Telecommunications Penetration Overview
- Fixed Line
- Table: Regional Fixed-Line Penetration Overview
- Mobile
- Table: Regional Mobile Penetration Overview
- Broadband
- Table: Regional Broadband Penetration Overview

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=404150&dt=t

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