Gulf-based operators had mixed results in 1H 2021, but digital and ICT service revenue grew strongly

Author - Karim Yaici

"Gulf-based operators should consider accelerating their investments in non-core ventures to help them to offset the decline in their connectivity revenue."

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The June 2021 results showed signs of market recovery for all Gulf-based operator groups apart from Omantel and Zain. stc achieved the highest year-on-year revenue growth in the region, largely driven by its strong performance in the enterprise sector.

In this article, we analyse the financial performance of five Gulf-based operator groups in 1H 2021. We pay particular attention to stc and Zain and explain how they managed to increase the revenue contribution of their digital and ICT services.

Gulf-based operators had mixed results in 1H 2021, but digital and ICT service revenue grew strongly

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