Egypt’s Orascom Telecom emerges as the eighth largest mobile network in the world by customer numbers

Global management consultancy PRTM has a new report in which it says that Egypt’s Orascom Telecom has become the eighth largest mobile network in the world by customer numbers. As a result, the company is now ahead of some of the well-established international operators.

PRTM’s report shows that seven multinational operators with origins in the regions of Middle East and Africa (Etisalat, Orascom, Qtel, STC, Zain, MTN and Millicom) have more than 300 million subscribers and have expanded across Africa and parts of Asia to sustain growth momentum. On that note, the consultancy company concludes that between 2003 and 2009, the leader board of the world’s 30 largest mobile operators changed dramatically.

The report argues that operators which create the right operating models will increase performance and win investor backing in the international M&A game. Consolidation during the next five years will mean an operator may need 300 million subscribers, or $50 billion in revenue, to be among the global top 10 in 2014… And you can get the full PRTM report from their website.

[Via: CellularNews]