Beyon continues to dominate Bahrain’s telecommunications landscape, retaining more than 70 percent of the fixed broadband market and around 40 percent of the mobile market, according to a new study by Mubasher Capital Bahrain. The report highlights the company’s sustained leadership in traditional telecom services, which still account for approximately 94 to 95 percent of total revenues through mobile, fixed-line, internet, and data capacity offerings.
The study also notes Beyon’s growing international footprint, with investments in telecom operators outside Bahrain and a strong wholesale business driven by the sale of international data capacity via submarine cable systems. Revenue performance remains steady, rising from BD387 million in 2020 to BD460 million in 2024. For the first nine months of 2025, revenues reached BD366 million, up from BD333 million in the same period last year. Net income increased from BD57 million in 2020 to BD73 million in 2024, although a slight dip was recorded in the first nine months of 2025.
Geographically, Bahrain remains Beyon’s largest market, followed by Jordan, while the Maldives contributes meaningfully to international revenues. Beyond core telecom services, Beyon is expanding into digital and ICT services including digital finance, cloud and IT, cybersecurity, and managed communications through subsidiaries such as Beyon Money, Beyon Solutions, Beyon Cyber, and Beyon Connect.
Mubasher Capital Bahrain General Manager Ehab Rashad said Beyon is progressing in a structured manner toward advanced digital and ICT services while maintaining strength in conventional telecom. He added that major infrastructure projects like the SEA-ME-WE 6 submarine cable enhance Beyon’s regional and international competitiveness. Rashad also pointed out that the company’s predominantly government-linked ownership provides strategic stability while aligning closely with Bahrain’s Vision 2030 and long-term digital transformation goals.
