UAE's Etisalat posts 18% drop in Q3 net profit - Technology - ArabianBusiness.com:
"Etisalat, the Gulf's No.1 telecom operator, reported an 18 percent drop in third-quarter profit on Monday, missing analysts' estimates as capital spending and operating expenses each rose by about a third.
The UAE former monopoly, which operates in about 15 countries across the Middle East, Africa and Asiaand is in exclusive talks to buy a controlling stake in Maroc Telecom , made a net profit of AED1.83bn ($498.23 million) in the three months to Sept. 30, according to a statement to Abu Dhabi's bourse.
This compares with a profit of AED2.21bn a year earlier."
'via Blog this'
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