The reduction in roaming rates for voice calls across GCC countries will have a negative impact on all telecoms operators in the region, says Moody’s Investors Service.
Given that competition for market share is likely to remain intense, the policy will likely result in further margin compression in the operators’ respective domestic markets, which have historically been highly cash-generative.
This is especially relevant for incumbent telco operators such as Etisalat, Qtel and STC, said Moody’s.
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