Mobile internet connections are spurring growth for telecommunications operators in the Arabian Gulf as revenues from voice calls "flatline", analysts say.
The Saudi Arabian mobile operator Mobily on Sunday posted a 22 per cent rise in second-quarter profit, which it attributed partly to the greater uptake of data packages.
Data revenue grew to 25 per cent of Mobily's total revenues during the second quarter, the firm said in a statement posted on the Tadawul, the Saudi Arabian stock exchange. The company sells smartphone packages as well as home-internet connections that run on mobile networks. Such data packages mark a big opportunity for telecoms operators in the Gulf, analysts said. "It's the data side that is exciting - that's where the growth is," said Ibrahim Masood, a senior investment officer for asset management at Mashreq.
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