Batelco’s nine-month profits up 8.3%

20 Oct 2006

Bahraini incumbent Batelco’s net profit increased by 8.3% year-on-year to USD186 million on turnover of USD450 million (up 8.2%) in the first nine months of 2006. Operating profit rose by 13%. Growth was driven by data, internet and mobile services revenue, but international call revenues declined as a result of fierce price competition from VoIP calling cards, the company said.

Bahrain, Bahrain Telecommunications Company (Batelco)