Voice calls accounted for 64 per cent of the operators’ revenues in 2013, data was 18 per cent, text messaging four per cent and subscription payments 14 per cent in Bahrain.
Zain and its rival Asiacell had baulked at government demands to pay $307 million for 3G spectrum for seven to eight years remaining on their $1.25 billion mobile licences awarded in 2007.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
The iPhone 5s also registered the largest increase in its market share during the second quarter, the UAE’s telecom regulator said in its quarterly report.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Money raised from the offering will be used to fund upgrades of its network infrastructure as well as expand its super-fast 4G LTE offering in the kingdom.
The two brands being launched by Virgin Mobile Middle East and Africa are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi’s expatriate workers.