Gulf telcos poised for downgrades as competition intensifies | The National:
"Telecoms players are increasingly finding themselves in a tight spot and on the receiving end of negative ratings outlooks as competition stiffens across the region.
Bahrain Telecommunications (Batelco) is the latest operator at risk of being downgraded by the ratings agency Standard & Poor’s (S&P), which has placed Batelco on negative watch, while Shuaa Capital recently issued a sell call on du.
Analysts are keen to note that a negative trend across the region has yet to play out and although some players such as Etisalat are still doing well, other operators are finding it difficult to maintain growth and market share."
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