2014-01-07 21:20:06 - Fast Market Research recommends "Egypt Telecommunications Report Q1 2014" from Business Monitor International, now available
Following several years of double digit growth rate, Egypt's mobile market is approaching saturation, with operators reporting slower net additions and increasing strategic moves aimed at encouraging existing subscribers to spend more and sway the subscriber mix towards postpaid connections. While we expect the market to continue growing, our forecasts show a sharp slowdown from 2013 onwards. Upside potential to these assumptions include the potential entrance of Telecom Egypt as a new player and the expected launch of MVNOs in the market. Nevertheless, strategies have already begun to change towards postpaid subscriptions and gaining a foothold in the enterprise market where revenues are higher and more stable.
* Mobile net additions were sharply lower than previous quarters with just
722,000 new connections.
* The fixed-line market fell to 6.84mn subscriptions at the end of September 2013 as active connections continue to fluctuate from quarter to quarter. Nevertheless, our forecasts expect decline in the long-term.
* Mobile broadband subscribers continue to grow rapidly, accounting for an ever larger proportion of the overall broadband market.
Full Report Details at
- www.fastmr.com/prod/759067_egypt_telecommunications_report_q1_20 ..
Egypt held onto 11th position in our Risk/Reward Ratings (RRR) table. Having previously received an improved industry rewards score due to strong uptake of broadband services, jumping 2.5 points to 42.5, Egypt's scores remained unchanged this quarter. The country continues to be held back by its underperformance in the country rewards and country risks categories due to the impact of political and economic uncertainty over investor confidence and private consumption growth outlook.
Key Trends And Developments
Telecom Egypt's plans to launch mobile services by the end of September 2013 did not come to fruition, although its part ownership of mobile market leader Vodafone may be resolved in early 2014 as the latter's parent has offered US$2bn for the 45% stake held by Telecom Egypt. BMI believes a new competitor would be welcome into the market, although we do not expect there to be any considerable growth potential left in the market over the long term. Potential MVNO licences and Telecom Egypt's plans offer short-term growth potential to the market, but operator strategies are already changing to reflect the new market dynamics.
In Decmeber 2013, Prime Minister Hazem el-Beblawy signed an agreement to introduce a high-speed broadband service project in all administrative sectors, in a project valued at EGP350mn. Sectors covered by the developments include health, scientific research, tourism, education and youth projects. While this will have little overall impact on subscription growth in the short term, encouraging internet usage offers future potential for growth in computing devices and broadband infrastructure.
Partial Table of Contents:
BMI Industry View
- Executive Summary
- Mobile SWOT
- Wireline SWOT
- Business Environment
- Table: Telecoms Sector - Mobile - Historical Data & Forecast
- Table: Telecoms Sector - ARPU - Historical Data & Forecast
- Fixed Line
- Table: Telecoms Sector - Fixed Line - Historical Data & Forecast
- Table: Telecoms Sector - Internet - Historical Data & Forecast
Industry Risk Reward Ratings
- Industry Rewards
- Country Rewards
- Industry Risks
- Country Risks
- Table: MENA Risks/Rewards Ratings, Q1 2014
- Regional Perspective
- Table: Regional Comparison Table, 2012
- Key Developments
- Mobile Growth
- Market Shares
- Table: Net Additions ('000), 2011-2013
- Mobile Operator Data
- Table: Market Overview
- Table: Vodafone
- Table: Mobinil
- Table: Etisalat
- MENA Mobile Content
- Data Networks And Devices Drive Mobile VAS
- OTT Services Increase
- Operators Give Competition A Go
- M-Commerce Takes Off
- Operators Look To Non-Voice Corporate Solutions
- Fixed Line
- Key Developments
Industry Trends And Developments
- Table: Key Developments
- Table: Egypt Regulatory Bodies And Their Responsibilities
- Key Developments
- Table: Key Regulatory Developments
- Table: Key Players - Egypt Telecoms Sector
- Table: Egypt Financial Indicators
- Telecom Egypt
- Vodafone Egypt
- Table: Huawei Recent Contract Wins
- Demographic Outlook
- Table: Egypt's Population By Age Group, 1990-2020 ('000)
- Table: Egypt's Population By Age Group, 1990-2020 (% of total)
- Table: Egypt's Key Population Ratios, 1990-2020
- Table: Egypt's Rural And Urban Population, 1990-2020
- Table: Glossary Of Terms
- Industry Forecast Methodology
- Risk/Reward Ratings Methodology
- Table: Risk/Reward Ratings Indicators
Full Table of Contents is available at:
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