Wataniya aims to boost income from internet services

16 Oct 2012

Kuwaiti telecoms group Wataniya is targeting an increase in revenues from data services in order to improve its earnings in a highly competitive market. The firm’s chief executive, Bassam Hannoun, wants internet services to provide a quarter of revenue within two years, Reuters reports, up from less than 20% currently. Hannoun told reporters on the sidelines of a conference in Dubai: ‘The market in Kuwait is highly competitive, but it’s also a high value market, so the opportunities are still there. Kuwait has a lot more to give.’ Wataniya, which is 92.1%-owned by Qtel of Qatar, claimed 1.94 million mobile subscribers and a 37.5% share of Kuwait’s cellular market at the end of June 2012, according to TeleGeography’s GlobalComms Database.

Kuwait, Ooredoo Kuwait