Batelco’s 3Q net profit drops 24%; mobile users more than doubled

Editor Mobile

Bahrain Telecommunications Company (Batelco) has recorded a 24% year-on-year plunge in Q3 net profit to lower revenues in its domestic market, while the results also revealed its share of losses from STel, its start-up mobile joint venture in India. According to Batelco’s chairman Shaikh Hamad Bin Abdulla Al Khalifa, net income for the three months ended 30 September 2010 dropped …

EditorBatelco’s 3Q net profit drops 24%; mobile users more than doubled