Menatelecom is a pioneer in wireless broadband services in the Kingdom of Bahrain, and the company that, to its credit, is directly responsible for the major drop in broadband prices and the significant jump in broadband speeds in the Kingdom of Bahrain after years of stagnation, according to Menatelecom statement.
Having a fair and transparent 4GLTE Broadband Auction will shed a global spotlight on the Kingdom of Bahrain’s advanced economic environment, especially within the Telecommunications Sector.
The market capability to sustain fair competition directly guarantees more choices for telecommunications solutions while reducing prices for the customers. The Kingdom of Bahrain’s wise leadership is playing a crucial role in spurring investment growth and attraction while spearheading economical growth.
Menatelecom initiatives within the telecommunications sector are perfectly aligned with the Kingdom of Bahrain Economic Vision 2030. Menatelecom has operated under the Telecommunications Law which emphasizes a fair and a transparent competitive environment. Since 2008, Menatelecom’s contribution to the National GDP has been approximately 4%, based on the World Bank assessment of the effect of broadband penetration rates on the growth in GDP as explained in the TRA’s Market Indicators Report of Q4 2012.
Since the Kingdom of Bahrain is currently viewed as a regional model and a potential leader for the telecommunications regulations with dynamic support for the latest technology, the success story of a fair Auction will count for the benefit of attracting investment from global operators. Anything to the contrary will harm this reputation and positioning.