A new satellite company to serve the MENA region was announced just last Monday... Not sure how I missed this one. The company called SmartSat is a new $500m venture between a Jordanian and a Kuwaiti group, looking to capitalise on 350% estimated growth for the leased satellite market over the next 5 yrs. Their focus is on the Gulf and possibly Eastern Europe, according to the MD. They are to provide satellite services to the region, such as satellite TV, internet services, and - conceivably - infrastructure bandwidth to the larger telcos.
With the Gulf poised to see 250m mobile users by year-end, and unconventional powers such as Iran having become the largest mobile market in the Gulf region, the communications market in the area seems set for strong growth in the decade to come.
.png)
No comments:
Post a Comment