Saturday 25 October 2014
 
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Atheeb

Loss-hit Atheeb sells Riyadh real estate

Saudi Arabia's Etihad Atheeb has sold land and property in the capital Riyadh for 160 million riyals ($42.7 million), the fixed line telecommunications operator said on Monday. Loss-making Atheeb, which uses the brand name Go,

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Saudi Telecom, Atheeb sign network deal

Saudi Arabia's Etihad Atheeb said on Thursday it had signed a deal to use Saudi Telecom Company's (STC) fibre network, days after the landline operator scrapped a similar agreement with Mobily. The so-called Indefeasible R

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Mobily cuts profit after rival scraps tie-up

Saudi Arabia mobile operator Mobily will cut its second-quarter profit by SR338.7 million ($90.3 million) after fixed-line rival Etihad Atheeb scrapped a deal between the two companies, it said on Monday.   Share

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Mobily ends talks to buy stake in smaller rival

Saudi Arabia's Etihad Etisalat (Mobily) has ended talks over buying a stake in fixed line operator Etihad Atheeb Telecommunications, said the mobile firm. Mobily, Saudi's second-biggest telecoms operator by subscribers, ha

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Mobily extends talks to buy Atheeb to Jan 30

Saudi Arabia's second-biggest telecoms operator, Mobily, has extended talks with four shareholders in Etihad Atheeb until January 30 as it seeks to buy their stakes in the loss-making fixed-line operator. If completed, it woul

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Mobily unit in deal to buy Atheeb shares

A unit of Saudi Arabia's No.2 mobile firm Etihad Etisalat (Mobily) has signed a memorandum of understanding with four shareholders in Etihad Atheeb to buy a controlling interest in the loss-making fixed line operator.  

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Mobily eyes stake in fixed line firm Atheeb

Saudi Arabia's No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb, according to a statement on the kingdom's bourse.

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Saudi telco Etihad Atheeb names new CEO

  Saudi Arabia's Etihad Atheeb Telecom appointed a new chief executive on Tuesday, a day after the loss-making firm's shares slumped to an all-time low.   The company, which operates under t

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Atheeb gets nod for $310m rights issue

Saudi Arabia's Etihad Atheeb Telecom has received regulatory approval to launch a 1.175 billion riyals ($310 million) capital increase, paving the way for the loss-making firm to resume trading on the kingdom's bourse. Atheeb, 15-percent o

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Atheeb eyes rights issue to lift balance sheet

Saudi Arabia-based Etihad Atheeb Telecom plans to raise its capital threefold to SR1.575 billion ($420 million) through a rights issue after cutting it by more than half to cover accumulated losses, the firm said in statements. The company

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