Executive Summary . 7
SWOT Analysis 8
Bahrain Mobile SWOT ... 8
Bahrain Wireline SWOT 9
Bahrain Political SWOT .. 10
Bahrain Economic SWOT 11
Bahrain Business Environment SWOT . 11
Risk/Reward Ratings . 12
Middle East And North Africa ... 12
MENA Telecoms Risk Reward Rankings, Q312 ... 15
Bahrain . 16
Industry Forecast Scenario .. 17
Mobile ... 17
Table: Telecoms Sector – Mobile – Historical Data & Forecasts, 2009-2016 . 17
Mobile ARPU 19
Table: Blended ARPU (BHD), 2009-2016 ... 19
Fixed Line . 20
Table: Telecoms Sector – Fixed Line – Historical Data & Forecasts, 2009-2016 ... 20
Internet.. 21
Table: Telecoms Sector – Internet – Historical Data & Forecasts, 2009-2016 ... 21
Market Data Analysis . 22
Mobile ... 22
Table: Bahrain Mobile Market, Q411 .. 24
Subscriber Mix .. 25
ARPU ... 26
3G 27
Mobile Contract Wins .. 30
Table: Mobile Contract Wins, 2005-2010 30
Mobile Content . 31
Regional Outlook . 31
Country Outlook .. 35
Mobile TV 36
Mobile Banking 37
Value-Added Services Timeline . 38
Table: Selected VAS Services, 2007-2010 38
Mobile Operator Data .. 39
Table: Bahrain Mobile Market Overview 39
Table: Zain (MTC-Vodafone 39
Table: Batelco .. 40
Fixed Line . 41
Table: Number Of Fixed Telephone Lines, 2008-2011 43
Table: Services Offered By Licensees, December 2011 ... 43
VoIP . 45
Internet.. 46
WiMAX And LTE . 49
IPTV . 51
Wireline Contract Wins 52
Table: Wireline Contract Wins, 2006-2010 . 52
Regulatory Environment & Industry Developments .. 53
Table: Bahrain Regulatory Bodies And Their Responsibilities 53
Legislation And Market Liberalisation 54
Regulation 54
Licensing and Spectrum ... 54
Competition Policy .. 56
Mobile Termination Rates 57
Industry Developments .. 58
Competitive Landscape 60
Key Players ... 60
Table: Key Players: Bahrain Telecoms Sector . 60
Table: Bahrain Financial Indicators ... 60
Company Monitor .. 61
Table: Cisco Financial Performance By Theatre (US$mn), H1 FY12 . 64
Operator Profiles ... 65
Bahrain Telecommunications Company (Batelco) ... 65
Zain (Formerly MTC Bahrain) 70
Regional Telecommunications Penetration Overview ... 73
Fixed Line . 73
Table: Regional Fixed-Line Penetration Overview .. 73
Mobile ... 74
Table: Regional Mobile Penetration Overview 75
Broadband 76
Table: Regional Broadband Penetration Overview . 76
Country Snapshot: Bahrain Demographic Data . 77
Section 1: Population 77
Table: Demographic Indicators, 2005-2030 77
Table: Rural/Urban Breakdown, 2005-2030 78
Section 2: Education and Healthcare 78
Table: Education.. 78
Table: Vital Statistics, 2005-2030 78
Section 3: Labour Market and Spending Power 79
Table: Employment Indicators . 79
Table: Consumer Expenditure, 1999-2004 (US$) 79
Table: Average Annual Wages . 79
Glossary Of Terms . 80
Table: Glossary Of Terms 80
BMI Methodology ... 81
How We Generate Our Industry Forecasts ... 81
Table: Key Indicators For Telecommunications Industry Forecasts 81
Telecoms Business Environment Ratings .. 83
Risk/Reward Ratings Methodology .. 83
Ratings System . 83
Indicators . 83
Table: Ratings Indicators . 84
Weighting . 85
Table: Weighting Of Indicators 85
Sources 85Table: Telecoms Sector – Mobile – Historical Data & Forecasts, 2009-2016 . 17
Table: Blended ARPU (BHD), 2009-2016 . 19
Table: Telecoms Sector – Fixed Line – Historical Data & Forecasts, 2009-2016 . 20
Table: Telecoms Sector – Internet – Historical Data & Forecasts, 2009-2016 . 21
Table: Bahrain Mobile Market, Q411 . 24
Table: Mobile Contract Wins, 2005-2010 . 30
Table: Selected VAS Services, 2007-2010 . 38
Table: Bahrain Mobile Market Overview . 39
Table: Zain (MTC-Vodafone . 39
Table: Batelco . 40
Table: Number Of Fixed Telephone Lines, 2008-2011 . 43
Table: Services Offered By Licensees, December 2011 . 43
Table: Wireline Contract Wins, 2006-2010 . 52
Table: Bahrain Regulatory Bodies And Their Responsibilities . 53
Table: Key Players: Bahrain Telecoms Sector . 60
Table: Bahrain Financial Indicators . 60
Table: Cisco Financial Performance By Theatre (US$mn), H1 FY12 . 64
Table: Regional Fixed-Line Penetration Overview . 73
Table: Regional Mobile Penetration Overview . 75
Table: Regional Broadband Penetration Overview . 76
Table: Demographic Indicators, 2005-2030 . 77
Table: Rural/Urban Breakdown, 2005-2030 . 78
Table: Education. 78
Table: Vital Statistics, 2005-2030 . 78
Table: Employment Indicators . 79
Table: Consumer Expenditure, 1999-2004 (US$) . 79
Table: Average Annual Wages . 79
Table: Glossary Of Terms . 80
Table: Key Indicators For Telecommunications Industry Forecasts . 81
Table: Ratings Indicators . 84
Table: Weighting Of Indicators. 85