yllus
Elite Member & Lifer
Iraq mobile phone use could grow 400 pct in 2005
Though all this, MTC Atheer is also creating almost 10,000 direct and indirect jobs for Iraqis and helping put together one badly needed element of a nation's infrastructure that we now take for granted. The mostly unreported construction of Iraq rolls onwards. 🙂DUBAI (Reuters) - The number of mobile phone subscribers in Iraq could grow by 400 percent to about 5 million by the end of 2005, a leading telecommunications operator in the strife-torn country said on Sunday.
But MTC Atheer, a joint venture between Kuwait's Mobile Telecommunications Co and Iraq's Atheer Telecom, will not make profits until at least 2007 because Iraqi phone bills are still fairly small, said the firm's Chief Executive Ali al-Dahwi.
MTC Atheer has a market share of between 30 percent and 40 percent in a country where a conflict pitting insurgents against government troops and U.S.-led forces has taken a huge toll on the civilian population.
"Today we are reaching very close to 1 million subscribers, I think we will achieve that within the next week or so, and I think we are going to exceed 1.5 million by the end of the year," Dahwi told Reuters in an interview.
Dahwi said that would amount to 400 percent growth over the whole of 2005 and that demand for mobile phones had greatly exceeded expectations.