Former state monopoly Emirates Telecommunications Corp (Etisalat) (ETEL.AD) reported a 23 percent fall in third-quarter net profit on Tuesday, as it seeks expansion abroad to tap into new markets.
The Arab world's second-largest telecom operator by market value said net profit fell to 1.7 billion dirhams ($463 million) in the quarter from 2.25 billion a year ago.
Analysts polled by Reuters had on average forecast a net profit of 2.05 billion dirhams and the result was below the lowest forecast of 1.95 billion."
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