Their News [Archives:2008/1187/Local News]

September 4 2008

– Japan abolishes $ 16,8 mln of Yemen's debt

Minister of Planning and International Cooperation Abdul Karim al-Arhabi and Japanese ambassador to Yemen Masakazu Toshikage signed Saturday memos for abolishing $ 16,8 million of Yemen's debt to Japan.

Speaking to Saba, al-Arhabi expressed Yemeni government's appreciation to Japan's initiative for abolishing part of Yemen's debt to Japan, indicating that this initiative reflects continuous development Yemeni- Japanese cooperation relations witness.

The initiative that comes in the framework of supporting Yemen's development is not the first of its kind. Tokyo has previously abolished $38 million of Yemen's total debt for years 2003-2007.

– Yemen's vibrant cellular market will reach 10.5 million subscribers by end of 2012, a cellular penetration rate of 42.4%.

The entrance of a fourth cellular operator in December 2007 has enhanced growth and competition in the Yemeni cellular market. A new report from Arab Advisors Group fully analyzes the Yemeni communications markets.

Yemen's Ministry of Telecommunications and Information Technology (MTIT) regulates the country's telecommunications market. The ministry is in charge of collecting operator's license fees. The Government of Yemen also fully owns and directly oversees the operations of the monopoly fixed line operator, Public Telecommunications Corporation (PTC), and owns a controlling stake in the CDMA cellular operator, Yemen Mobile, through the PTC.

The Arab Advisors Group projects Yemen's mainlines to reach 1.432 million lines by end of 2012 with a penetration rate of 5.76%. This corresponds to a CAGR of 7.1% between 2008 and 2012. This growth is expected to be mainly through the PTC's efforts to provide fixed line services in the rural areas of Yemen.

A new report, Yemen Communications Projections Report was released to Arab Advisors Group's strategic research service subscribers on July 30, 2008. The report -which has 61 pages and 51 detailed exhibits- fully analyzes the communications markets in Yemen and presents detailed profiles of all the major operators including PTC (Public Telecommunications Company), TeleYemen, Sabafon, MTN Yemen, Yemen Mobile, and “Y””.

The report also provides 5-years historical and 5-years projections for many telecom and demographic indicators in the country.

This report can be purchased from the Arab Advisors Group for only US$ 950. Please contact the Arab Advisors Group to get a copy of the report's Table of Contents.

“”The Arab Advisors Group projects Yemen's cellular lines to continue its healthy growth. With the entry of the fourth cellular operator in Yemen