Mobily asked for its shares to be suspended on Thursday, seeking more time to review unspecified “significant matters” in its financial statements.
The firm took extra provisions of SAR207 million for bad debts, slow-moving inventory and goodwill impairments on its investments.
The iPhone 5s also registered the largest increase in its market share during the second quarter, the UAE’s telecom regulator said in its quarterly report.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Batelco attributed the profit rise to strong contributions from the group’s international operations.
Almost half of Etisalat’s third-quarter revenue came from its international operations.
Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.
The firm made a net profit of Dhs558.7 million ($152.11 million) in the three months to Sept. 30.
The company made a net profit of SAR3.37 billion ($898 million) in the three months to Sept. 30.
Ooredoo Kuwait has slipped to third in terms of mobile subscribers in its domestic market.
Nawras had 2.51 million subscribers as of Sept. 30, up 6.5 per cent from a year ago.
UAE-based Etisalat owns 28 percent of Mobily.
Money raised from the offering will be used to fund upgrades of its network infrastructure as well as expand its super-fast 4G LTE offering in the kingdom.
Vodafone Qatar will buy 100 per cent of Qatar National Broadband Network, comprising 21 million shares.
The two brands being launched by Virgin Mobile Middle East and Africa are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi’s expatriate workers.
Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.
The rise in registrations on the UAE’s national domain also indicates an increase in the amount of Arabic content online, the telecoms regulator said.
Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.
The job losses account for about 15 per cent of its workforce.
The company, which completed an initial public offer of shares in 2008, did not explain the delay in listing.
Ooredoo and Norway’s Telenor Group last year won telecom licences in the southeast Asian country, whose mobile penetration is about 10 per cent, among the lowest globally.
Rashid Abdulla stepped down after 40 years with the company.
The mobile operator did not say when it would join the bourse.
Omantel made a net profit of OMR31.5 million ($81.8 million) in the three months to June 30, against OMR31.4 million in the year-earlier period.
Etisalat Misr is planning a $500 million share sale on the Egyptian stock exchange, according to reports.
Shares would be priced at KD0.19 ($0.50) per share.
The TRA said that fraudsters, seeking to illegally obtain personal information, were claiming to be from an authorised national telephone service provider.
Marafih reveals the problem with excessive taxation on telecom operators, and why he is certain Qatar will host the 2022 FIFA World Cup.
The firm made a net profit of Dhs547.7 million in the three months to June 30.
Qatar Ooredoo was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.