Oman’s Nawras sees broadband growth ahead of schedule
Nawras ahead of schedule to get coverage in 80% of Omani households
Nawras, the Omani mobile phone company controlled by Qatar Telecom, will meet its target to cover around 80% of the country's households before the end of 2011, its CEO said Monday.
The firm plans to increase its broadband offering from 50% to 80% before the end of the year but is already ahead of schedule, CEO Ross Cormack said.
"We're very far ahead with our plan to increase household coverage from 50% to over 80%.... before the end of the year we'll have just over 80% of households," he said, declining to give a specific date.
Nawras, which currently has a 45% of the market share in the sultanate's mobile-phone market, said it still sees significant growth for its broadband and mobile services.
"There is still customer growth in the market. There is multi-sim usage as people have multiple devices so that's another growth area [and] we also have young people coming to the stage when they want devices. We see a lot of growth coming," said Cormack.
The company, which begun operations in 2005 and went public in November, posted a 13.6 percent decline in first quarter net profit to OMR12.1m ($31.4m).
First quarter revenue increased 5.5 percent while its customer base increased 0.25% by the end of March.