BMI View: The Jordanian market was volatile in 2012 and the medium-term outlook is somewhat uncertain. In our view, there is limited growth left in mobile subscriptions, and new subscription additions depend predominantly on lower income rural areas and refugees from Syria. Moreover, the government’s decision to double taxes on mobile handsets and subscriptions threatens to limit subscriber growth and usage. However, as operators continue to invest in their 3G networks, we expect a significant rise in 3G penetration and use of high value data services to help prop up ARPUs over the long run. Key Data ? There were …
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