Nawras sees broadband growth ahead of schedule

Nawras will be able to cover 80% of Oman by the end of the year, says Cormack
Nawras intends to cover 80% of the country's households with broadband by the end of the year.
Nawras intends to cover 80% of the country's households with broadband by the end of the year.

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Nawras, the Omani mobile phone company controlled by Qatar Telecom, will meet its target to cover around 80% of the country's households before the end of 2011, its CEO said Monday.

The firm plans to increase its broadband offering from 50% to 80% before the end of the year but is already ahead of schedule, CEO Ross Cormack said.

"We're very far ahead with our plan to increase household coverage from 50% to over 80%.... before the end of the year we'll have just over 80% of households," he said, declining to give a specific date.

Nawras, which currently has a 45% of the market share in the sultanate's mobile-phone market, said it still sees significant growth for its broadband and mobile services.

"There is still customer growth in the market. There is multi-sim usage as people have multiple devices so that's another growth area [and] we also have young people coming to the stage when they want devices. We see a lot of growth coming," said Cormack.

The company, which began operations in 2005 and went public in November, posted a 13.6% decline in first quarter net profit to OMR12.1 million ($31.4m).

First quarter revenue increased 5.5 percent while its customer base increased 0.25% by the end of March.
 

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