Bahrain's Batelco fourth quarter net profit falls 1%
(Business Intelligence
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31/01/2010)
Bahrain Telecommunications Co (Batelco) made a fourth-quarter net profit of BD25.52 million, Reuters calculations showed on Thursday, just below the 25.88 million it posted a year earlier. The calculation was based on the company's statement that it made
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Batelco targets $265m profit in 2010
(Reuters
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31/01/2010)
Bahrain Telecommunications Co (Batelco) expects full year profit in 2010 to be at least 100 million Bahrain dinars ($265.3 million), its chief executive said on Sunday. "Our target is again to achieve a triple digit million profit, that is a hundred
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Zain eyes $600m loan for Saudi network
(Reuters
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31/01/2010)
Kuwait telecoms operator Zain is in talks with foreign lenders to obtain a loan worth up to $600 million to expand it Saudi Arabian network, a Kuwaiti paper reported on Sunday. "Zain is in serious talks to obtain a loan worth between $500 million and
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Batelco posts highest ever gross revenues for '09
(Trade Arabia
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30/01/2010)
Batelco Group delivered the highest ever gross revenues from its Bahrain and six other operations, totalling $920.2 million (BD346.9 million) a solid 9 per cent growth year-on-year. The company also posted its highest ever net profit of $278.5 million
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Etisalat Not Keen to Issue Bonds Now
(Khaleej Times
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30/01/2010)
Etisalat is currently not keen to pursue the proposal to issue $1.8 billion bond announced by it late last year, as it is not facing any fund shortage. “Even when we announced the proposal last year it was tentative. We had said that we will be exploring
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du’s Samacom Ranked Among The Top Teleports In The World
(DubaiCityGuide
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30/01/2010)
du has proved its position as a leading provider of broadcast services according to The World Teleport Association (WTA). WTA Independent Top 20 Teleport Operators of 2009 awards rank global teleport companies based on revenue from all sources. du, which
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Etisalat to pay $800mn for Pakistan stake
(Reuters
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28/01/2010)
Pakistan will receive a payment of $800mn by the end of March from the UAE’s Etisalat for a stake in Pakistan Telecom, Pakistan’s Minister of Privatisation said yesterday. In 2006, Etisalat, the Gulf Arab region’s second-largest telecom firm, signed an
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Etisalat Defers 1.8 Billion-Dirham Bond Offer, Itihad Says
(Bloomberg
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28/01/2010)
Emirates Telecommunications Corp., the United Arab Emirates’ biggest phone company, deferred plans to issue a 1.8 billion-dirham bond as the company has enough cash for expansion plans, Chairman Mohammed Omran told Al- Itihad. The company has 10 billion
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Qtel receives positive ratings from Fitch
(The Peninsula
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28/01/2010)
Fitch Ratings has affirmed Qatar Telecom’s (Qtel) long-term foreign currency Issuer Default Rating (IDR) and senior unsecured ratings at ‘A+’ respectively. The Outlook on the Long-term IDR is Stable. Fitch has simultaneously affirmed Qtel International
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Zain, Paltel to Complete Merger Deal by Year-end
(Reuters
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27/01/2010)
Kuwaiti telecoms operator Zain said it hoped to revive and complete a deal to take majority control of Palestine Telecommunication Co (Paltel) by the end of the year. “We hope to complete the merger deal by the end of the year. We are now dealing as one
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du Creates Awareness Of Data Security Threats
(DubaiCityGuide
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27/01/2010)
Paving the way for continued efforts in ensuring customer data privacy and protection and to coincide with Data Privacy Day on 28 January, du raised awareness of its efforts to promote understanding of best practices and customer rights in data privacy.
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UAE telecom watchdog issues new competition rules
(Reuters
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26/01/2010)
The UAEs Telecommunications Regulatory Authority (TRA) has launched a new competition framework which it hopes would lower prices of telecom services in the Arab state, TRAs director general said on Monday. The new framework will have the TRA study
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Zain says to revive deal with Paltel
(Reuters
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26/01/2010)
Kuwaiti telecoms operator Zain said it hoped to revive and complete a deal to take majority control of Palestine Telecommunication (Paltel) by the end of the year. "We hope to complete the merger deal by the end of the year. We are now dealing as one
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Demand for Omantel corporate solutions increases in Oman
(AME Info
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26/01/2010)
Omantel, Oman's leading Telecommunications Company, has stated that the demand for its diverse range of corporate communication solutions is continuing to rise as private and public sector organizations are seeking state of the art telecommunications
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GO boosts Saudi network coverage
(Trade Arabia
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25/01/2010)
Etihad Atheeb Telecoms Company (GO), the 4G operator in the Saudi Arabia said it has expanded its network coverage in the Eastern region to include Al Hafouf City and Al Qatif City. Etihad Atheeb Telecom said the expansion follows the successful service
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Zain in talks with lenders after missing commitments
(Reuters
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24/01/2010)
Zain Saudi Arabia, the Kingdom’s newest mobile phone operator, said on Saturday it is in talks with lenders after missing some commitments last year on a two-year $2.5-billion Islamic loan. The Saturday announcement by the firm — 25-percent owned by
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Etihad Etisalat’s competitive spirit shines through at GCF
(Saudi Gazette
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24/01/2010)
Etihad Etisalat (Mobily) once again is proud to sponsor for the third time the “Global Competitiveness Forum” that kicked off at Four Seasons hotel in Riyadh on Saturday. CEO of Mobily Khalid Al Kaf expressed his pleasure over his company’s sponsorship
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Saudi Zain missed revenue targets not payments: CEO
(Gulf Times
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24/01/2010)
Mobile Telecommunications Co Saudi Arabia (Zain Saudi Arabia), missed certain revenue targets and not payments relating to an Islamic murabaha loan in 2009, the company’s chief executive said yesterday. Zain Saudi Arabia published earlier yesterday a
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STC names Bahrain venture as Viva
(Trade Arabia
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24/01/2010)
Saudi Telecom Company (STC) Group, a leading telecom company in the Middle East which last year secured Bahrain's third mobile licence, has named its new telecom venture in the Kingdom as Viva, thus revealing its Bahraini identity. Excitement had been
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Zain Saudi at life low after debt problems
(Reuters
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24/01/2010)
Shares in Zain Saudi Arabia closed at their lowest level since listing after it announced that it was in talks with mainly Saudi banks on missed commitments linked to a $2.5 billion Murabaha loan. Shares in Kuwait's Zain affiliate end 0.98 per cent down
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Mobile service subscribers in Oman on the rise
(Oman Daily Observer
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23/01/2010)
The statistical bulletin issued by the National Economy Ministry has shown that the total number of subscribers of the fixed phone services provided by Omantel in the Sultanate's various regions and governorates stood at 260,020, as at the end of
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Saudi Zain in creditor talks after loan default
(Reuters
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23/01/2010)
Zain Saudi Arabia, the kingdom's newest mobile phone operator, said on Saturday it is in talks with creditors after it did not honour some commitments last year linked to a two-year $2.5-billion murabaha loan. The creditors pardoned the affiliate of
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Qtel opens drive-in customer centre
(The Peninsula
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21/01/2010)
Qatar Telecom (Qtel) yesterday unveiled its first drive-through self-service machine for its customers’ convenience. The new Qtel facility, which is located on Salwa Road, is the company’s first drive-through self-service machine that enables people to
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Vodafone makes 50pc of its towers permanent
(The Peninsula
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21/01/2010)
Vodafone Qatar has now replaced more than 50 percent of its temporary towers to permanent ones. Grahame Maher, Vodafone Qatar CEO, said they are now focusing on replacing their temporary sites with new permanent ones, and added that more than half of
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STC boost as net profit soars 154pc
(Gulf Daily News
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21/01/2010)
Saudi Telecom Company (STC), the Arab world's largest telecom company by market value, posted a better-than-expected 154 per cent rise in fourth-quarter net profit, partially helped by capital gains. STC made 2.94 billion Saudi riyals ($784 million) in
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