Boston, MA -- (SBWIRE) -- 06/19/2014 -- The Kuwaiti telecoms market is highly lucrative for operators, with high incomes supporting demand for high value services in both the wireless and wireline markets. However, with high penetration rates for mobile services and a government c lamp down on expatriate workers in 2013, with plans to cut its 1.8mn expatriates by 100,000 annually over the next decade , subscription acquisition opportunities are severely diminished . This poses a downside risk to our subscriptions growth outlook on the back of a higher negative net migration rate. In view of this development, we reiterate our view that Kuwaiti telecoms services providers, particularly the country's three mobile operators, must diversify their services portfolios and, consequently, revenue streams to offset the expected decline in revenues from traditional services on the back of market saturation and intense competition.

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Key Data

- The mobile sector recorded robust subscription growth of 12.2% in 2013, but this figure was down from 16.6% in 2012.
- Monthly blended ARPU declined to KWD7.8 (USD27.6), down from KWD9.7 a year earlier as intensifying competition has resulted in price erosion.

Key Trends And Developments

In April 2014 the parliament of Kuwait approved the bill to set up an independent telecoms regulator. This has the potential to be a major development for the market, with Kuwait the only GCC state without a separate telecoms regulator. The country's Ministry of Communications (MoC) has been supervising the sector since it was created in 1962. Kuwait first announced plans to establish a telecoms regulator in 2001 but all previous attempts to do so have stalled at various stages of legislation. While we consider the move to establish an independent regulator a positive development, it is worth mentioning that the scope of the supervisory powers or level of independence of the regulator has not yet been made public.

A pro-competition regulator could be a boost for...

The Kuwait Telecommunications Report features Business Monitor International (BMI)'s independent industry forecasts on the future strength of Kuwait's ICT market, covering the fixed-line, mobile and internet segments and analyses latest regulatory developments and corporate news, including investment activity, mergers and acquisitions, joint ventures and partnerships. Leading operators and manufacturers are fully profiled, highlighting their quarterly financial performance, capital expenditure plans and latest contracts.

BMI's Kuwait Telecommunications Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the telecoms industry in Kuwait.

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