Etisalat Fourth-Quarter to Show BlackBerry Effect, Moody’s Says
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Emirates Telecommunications Corp.’s fourth-quarter results will show the effect of suspending BlackBerry services in the United Arab Emirates, Moody’s Investors Service said.
“Although BlackBerry services are thought to be one of Etisalat’s key generators of revenue and profitability, Moody’s believes that the conversion rate of customers to permitted data services and the industry’s ability to maintain the momentum for mobile data services will be more important than any short-term dips in revenue in determining the impact on Etisalat,” Moody’s said in a report today.