Etisalat profit jumps 26% on Maroc Telecom buy | GulfNews.com:
"Etisalat reported a 26 per cent jump in second-quarter profit on Sunday, beating analysts’ estimates, as the UAE firm’s acquisition of a majority stake in Maroc Telecom bolstered its bottom line.
The former telecom monopoly, which operates in 19 countries across the Middle East, Africa and Asia, made a net profit of Dh2.5 billion ($680.7 million) in the three months to June 30, up from Dh1.98 billion in the year-ago period, according to Reuters calculations.
Etisalat, which beat the Dh2.19 billion average forecast of analysts polled by Reuters, did not give a quarterly net profit breakdown in its results statement."
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