Kuwait Telecommunications Report

Published 11 June 2015

  • 82 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Kuwait Telecommunications Report

BMI View: With the mobile penetration rate now well over 200%, Kuwait's three mobile operators' strategies to drive revenue growth from new services rather than new subscriptions are well under way. Aside from aiming to retain existing cust omers with improved customer car e and network quality, mobile operators are also leveraging their networks to break into the M2M and wireline markets. Over the coming two years, BMI sees particularly strong opportunities in the broadband market, where the absence of a strong regional player or any of the existing mobile players means that highly lucrative multi-play services have yet to take hold. However, Kuwait's mobile ARPUs are among the highest in the region, and we therefore believe there is strong appetite among consumers for these types of services.

Key Data

  • Mobile subscriptions maintained strong growth of 10.3% year-on-year in March 2015 to 7.67mn, despite a penetration rate above 200%.

  • Monthly blended average revenue per user (ARPU) continued to decline in the face of intense competition, to KWD6.5 in Q115.

  • Take-up of 3G/4G data connections has been strong among Kuwait's wealthy consumers, and we forecast subscriptions to grow by 18.5% in 2015 to 4.17mn, equal to 54% of mobile subscriptions.

  • The broadband market also holds significant growth capacity, with penetration remaining low considering income levels in Kuwait and in a regional context. BMI forecasts the market to reach 889,600 subscriptions and a 25% penetration rate by the end of 2015.

Kuwait Telecoms Risk/Reward Outlook

Kuwait ranks fifth on our Telecoms Risk/Reward Index (RRI) table for the Middle East and North Africa (MENA) region, climbing up one place ahead of Oman for the Q315 update. Kuwait's outperformance over Oman for this quarter is linked to the country's stronger macroeconomic position in the new era of lower oil prices, owing to the government's enormous reserves, which will enable it to maintain an expansionary budget. By...

BMI Industry View
7
SWOT
9
Mobile SWOT
9
Political
11
Economic
13
Operational Risk
14
Industry Forecast
16
Table: Telecoms Sector - Historical Data & Forecasts (Kuwait 2012-2019)
16
Industry Risk Reward Ratings
21
Industry Risk Reward Index
21
Table: MENA Q215 Risk/Reward Index
24
Market Overview
25
Mobile
25
Regional Perspective
25
Table: Kuwait Mobile Market Regional Comparison, 2014
26
Market Growth
26
Market Shares And Net Additions
27
Subscriber Mix
29
ARPU
30
Networks
30
Mobile Content
32
Mobile Operator Data
33
Table: Market Overview
33
Table: Zain
34
Table: Ooredoo
35
Table: VIVA
36
Middle East And North Africa Mobile Content - Q2 2015
37
Wireline
39
Fixed-Line
39
Broadband
40
Wireless Broadband
43
IPTV
44
Industry Trends And Developments
45
Regulatory Development
47
Table: Kuwait - Regulatory Bodies & Their Responsibilities
47
Competitive Landscape
52
Table: Key Players: Kuwait Telecoms Market
52
Table: Selected Operators Financial Indicators (USDmn)
52
Company Profile
53
Zain
53
Ooredoo Kuwait
58
VIVA Kuwait
62
Regional Overview
66
Table: Selected Deals And Announcements, 2014-2015
69
Demographic Forecast
71
Table: Population Headline Indicators (Kuwait 1990-2025)
72
Table: Key Population Ratios (Kuwait 1990-2025)
72
Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
73
Table: Population By Age Group (Kuwait 1990-2025)
73
Table: Population By Age Group % (Kuwait 1990-2025)
74
Glossary
76
Table: Glossary Of Terms
76
Methodology
78
Industry Forecast Methodology
78
Sources
80
Risk/Reward Index Methodology
80
Table: Risk/Reward Index Indicators
81
Table: Weighting Of Indicators
82

The Kuwait Telecommunications Report features BMI Research's independent industry forecasts on the future strength of Kuwait's ICT market, covering the fixed-line, mobile and internet segments and analyses latest regulatory developments and corporate news, including investment activity, mergers and acquisitions, joint ventures and partnerships. Leading operators and manufacturers are fully profiled, highlighting their quarterly financial performance, capital expenditure plans and latest contracts.

BMI's Kuwait Telecommunications Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the telecoms industry in Kuwait.

Key Benefits

  • Benchmark BMI's independent telecoms industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic business planning in the Kuwaiti telecoms market.
  • Target business opportunities and risks in Kuwait's telecoms sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the ARPU, fixed-line, mobile (including 3G & 4G), internet and broadband markets.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the wireline and wireless sectors and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Historic data series (2010-2013) and forecasts to end-2019 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

  • Fixed-line Telephony – Telephone lines (‘000); telephone lines/100 inhabitants.
  • Cellular Telephony – Mobile phone subscribers (‘000); mobile phone subscribers/100 inhabitants; and where available, 3G & 4G subscribers (‘000); 3G & 4G subscribers/100 inhabitants; 3G & 4G subscribers as a percentage of overall mobile market.
  • Internet Markets – Internet users (‘000); internet users/100 inhabitants; broadband internet subscribers (‘000); broadband internet subscribers/100 inhabitants.

BMI’s Telecommunications Risk Reward Index

BMI’s Risk Reward Indices provide investors (vendors, operators and suppliers) looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an Indices of highest to lowest appeal to investors, with each position explained.

Market Data Analysis

Detailed market analysis of the mobile, mobile content, fixed-line and internet segments, broken down into:

  • Market Data – Analysis of market size, operator shares, dominant trends, competitive landscape and key quarterly data.
  • Technology/Service Rollout – Analysis of rollout/adoption of new technology, such as 3G & 4G, WiMAX, IPTV, pay-TV, LTE and valueadded handset services (gaming, music, video, apps etc.).
  • Mobile Content – The latest trends in content and services available and being introduced by mobile operators, including a timeline of all the latest major mobile content developments.
    Company Database – A comprehensive breakdown of KPIs of the leading mobile operators, including subscriber figures by type (pre-paid and post-paid); 3G & 4G subscriber figures; net additions; market share; ARPU; churn rates; minutes of use; voice and non-voice revenue; financial figures (including operating revenues, net profits and EBITDA).

Regulatory Environment

Details of the regulatory bodies and their responsibilities, as well as a special focus on the rules surrounding competition and interconnection. Also covers the latest updates in the market’s development and regulatory rulings.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Telecommunications Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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