Riyadh – Mubasher: Telecom operators in Saudi Arabia are expected to gradually increase their prices for data services to keep up with the newest modifications to its revenue formulae and maintain its profits, said a new report by Riyadh Capital.
The fixed line segment has witnessed minor changes, the research firm noted, indicating that the data segment will maintain its superior position with regards to the development of housing and technologies in the Kingdom.
As for Saudi Telecom Company (STC), the largest operator in Saudi Arabia, the revenue formula has already begun affecting the company's profitability as revenues from data increased whereas profit margins were down compared to the mobile phone segment, Riyad Capital added.
