In early November, CEOs and senior executives of regional telecoms operators assembled on the shores of the Dead Sea for the SAMENA Telecommunications Council’s Convergence to Jordan conference. What followed was two days of frank discussion about the impact of the global financial crisis on their respective businesses, the appetite for inorganic growth, and the challenges in maintaining market share in a competitive environment. Michelle Mills was there to capture their perspectives
“I think at this point with the economic crisis, it would be the best time for each giant and medium-sized operator to rethink about merging with others. To survive within the region, I imagine that in the coming few years the number of giant operators will decrease. I would really expect something to happen within the coming year or so with a big announcement,” stated Ahmed Bin Ali, Etisalat’s vice president of corporate communications, at the SAMENA Telecommunications Council’s Convergence to Jordan conference.