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FINANCIAL NEWS
UAE’s Etisalat scraps plans to bid for Indian telco auction
06 Sep 2012
(MENAFN) UAE’s former monopoly Etisalat has decided to scrap plans to bid for airwaves in an Indian state auction scheduled in November, Reuters reported.
Earlier this year, Etisalat shut down its business in the subcontinent following a court ordered to revoke cellular permits including those granted to its local affiliate in a scandal-tainted 2008 sale.
Etisalat, with operations in 16 countries, reported USD517 million net profit, after federal royalty, for the second quarter.
Middle East’s No.2 telecoms operator said overseas revenue in the quarter grew by 14 percent to USD626 million.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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