UAE telecom sector now worth AED 977m
GfK research shows massive 30% increase over last year's Q1 figures
The United Arab Emirates telecommunication sector is now worth AED 977 million or about $266 million based on Q1 estimates by market research firm GfK.
The figure represents a 30% increase over the same quarter last year, with the value of the UAE telecommunication sector remaining in the AED 700 million ($190 million) range for most of 2009 before recording the jump earlier this year.
The rise is credited to burgeoning demand for smartphones in the country.
GfK's research also shows that the smartphone market has overtaken the traditional mobile phone segment in terms of value for the first time, growing 47% quarter-on-quarter.
In the smartphone sector, the touchscreen segment grew by 58% in value, followed by QWERTY phones with a 26% value rise.