Telecom revenues breach the billion mark

The TRA’s latest market indicators report revealed a 4.7% growth in the sector and a Compound Annual Growth Rate (CAGR) of 4.6% between 2010 and 2015.

During that six-year period, telecom operators invested a total of USD 1.254 billion towards developing innovative mobile, data and broadband services to cater to the increasing demands of the Gulf’s most tech-enabled nation.

Their investment paid off as subscription rates skyrocketed. By the end of Q2 2016, the broadband penetration rate reached 145% as nearly 2 million broadband subscriptions were registered. Better yet, the mobile penetration rate reached 201% as approximately 2.8 million mobile subscriptions were recorded. And there’s sure to be a demand for more.

With a CAGR of 10.3% and a projected value of USD 2.7 billion by 2020, Bahrain is on course to have the fastest growing Information and Communication Technology (ICT) in the Gulf Cooperation Council.

Recent rankings reaffirm Bahrain’s strength in ICT: Rapid growth in telecommunications subscriptions, implementation of government endorsed policies and services, and ongoing infrastructure development see Bahrain lead the region in ICT in recent indices: 1st in MENA | 11th globally Telecommunications Infrastructure Index United Nations E-Government Survey 2016 1st in MENA | 24th globally E-Government Development Index United Nations E-Government Survey 2016 1st in MENA | 27th globally ICT Development Index Measuring the Information Society Report (ITU) 2015 1st in MENA | 1st globally Mobile Network Coverage Rate The Global Information Technology Report (WEF) 2016 1st in MENA | 7th globally Government Online Service Index The Global Information Technology Report (WEF) 2016 2nd in MENA | 4th globally Mobile Broadband Internet Subscriptions The Global Information Technology Report (WEF) 2016