Batelco’s Umniah to Invest as Much as $150 Million in Jordan - Bloomberg.com

Umniah, a Jordanian unit of Bahrain Telecommunications Co., plans to invest as much as $150 million over the next two years in the country to expand services, Chief Executive Officer Ihab Hinnawi said.

“There is room for growth in the market for mobile and fixed broadband,” Hinnawi said in an interview in Amman today. These segments have “low market penetration of not more than 4 percent or 5 percent in terms of subscription, and between 27 percent and 30 percent of users penetration.”

Bahrain Telecommunications, also known as Batelco, is the island-nation’s largest telephone operator.