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BMI: Middle East and Africa Telecommunications (Apr-12)

2012-03-20 16:50:00 (читать в оригинале)

UK-based global telecoms services provider BT Plc (BT) plans to double its business in the Middle East, Africa and Turkey, according to BT Global Services CEO, Jeff Kelly. BT already serves around 600 organisations in these regions, but is keen to take advantage of new opportunities after an internal study concluded that the addressable market here was worth GBP5.4bn (US$8.5bn). BMI has a positive outlook for BT's expansion plans, considering the moderate competition and increasing economic activities in many of its target markets. However, we caution that the ongoing political crisis in some countries in the Middle East may subdue short-term growth in that region.BT Global Services provides corporate IT and communications services to businesses across different industry verticals, including regional and local telecoms companies. BT plans to expand its network infrastructure and deploy more data connectivity points to as many as 21 regional cities served by ethernet, submarine cables and satellite connectivity. BT aims to complete its network investment in 12-18 months, which is around mid-2013. However, the company has not set a target date for doubling its revenue in the regions. It plans to hire around 170 new employees to bring its headcount to around 400. These employees will provide local support to customers and deliver consulting, integration and managed services.A breakdown of BT's consolidated financial results show that its Global Services division account for majority of its revenue, despite a downtrend in the last few quarters. BT Global Services' revenue for the first nine months of 2011/12 fiscal year was GBP5.813bn, down by 3% y-o-y compared to GBP5.981bn a year earlier. BT has not provided a breakdown of its Global Services revenue by region. However, the division has seen  strong growth in the Asia Pacific and Latin America (LatAm) regions, and BT is keen to replicate that success in the Middle East, Africa and Turkey. According to BT, t