Wednesday 30 July 2014

Saudi Telecom Q2 profit nearly doubles

Saudi Telecom Company (STC), the Gulf's biggest telecommunications operator by market value, reported a 96 percent surge in second-quarter profit on Monday, beating analysts' estimates because of a change in the valuation of an Asian divestment. The firm, which competes d


Etisalat profit jumps 26pc on Maroc Telecom buy

Etisalat reported a 26 percent jump in second-quarter profit on Sunday, beating analysts' estimates, as the UAE firm's acquisition of a majority stake in Maroc Telecom bolstered its bottom line. The former telecom monopoly, which operates in 19 countries across the Middle


Batelco-Mobily deal offers LTE roaming in Saudi

Batelco, Bahrain’s leading telecommunications services provider, has launched 4G LTE data roaming services to customers travelling in Saudi Arabia, in a deal with Saudi Arabia’s Mobily.   The customers need not s

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