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FINANCIAL NEWS
Batelco’s profit to go down due to Indian unit
23 Apr 2011
(MENAFN) Bahrain Telecom (Batelco) CEO, Peter Kaliaropoulos, said that profit in 2011 would drop by nineteen percent due to the costs of establishing Batelco’s new unit in India, in addition to competition in Bahrain, reported Arabian Business.
The CEO sadi that the company had planned the Indian unit in order to counter the smaller market shares it has locally.
Batelco had earlier this month revealed that net profit in 2010 hit USD230.2 million. The company said that in 2010 the company also suffered from a year-on-year drop in profit due to the emerging of a new operator in the Bahraini market, thus reducing Batelco’s market share.
As for the impact of the recent political unrest in the Kingdom on the company’s business, the CEO said that the company’s finance’s went back to recovery after March.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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