Wataniya made a net attributable profit of 19.8 million dinars ($70.3 million) in the three months to March 31.
Mobily made a first-quarter net profit of 1.4 billion riyals ($373.3 million), up from 1.34 billion riyals in the prior-year period.
The firm made a net profit of 2.39 billion riyals ($637.3 million) in the three months to March 3.
The firm made a net profit of 55.9 million dinars ($198.5 million) in the three months to March 31.
The company, which filed a lawsuit, claims Zain’s takeover had stopped the firm buying Iraqna, causing it losses of $4.5 billion.
The company made a net loss of $84.8 million in the three months to March 31.
Saudi’s Communications and Information Technology Commission named Dubai-based Axiom Telecom as the provisional winner last year.
Prior to joining Batelco, Alan Whelan has worked in firms such as AT&T, BT and other telecom companies in India and Macao.
Zain will use the money to meet its “operational and expansion financing needs”, it said in a statement.
The S5 will be priced similarly to it’s Sony and HTC rivals, also set to release soon.
Debt holders tendered $136.1 million of bonds and Batelco agreed to buy back $131.4 million of them, a statement said.
Kuwait is the only Gulf Arab country without a telecom regulator.
The telco is continuing to expand its workforce across the Middle East and Asia.
Batelco’s share of retail broadband subscribers has fallen to 20-30 per cent in 2012 from 70-80 per cent in 2008.
The company has offered to buy back up to $200 million in principal amount of its 4.25 per cent, $604.4 million guaranteed notes maturing in 2020.
The company said previous preparations for an IPO had been put on hold because of the political climate.
Virgin Mobile Middle East and Africa was one of the winning bidders for three mobile virtual network operator (MVNO) licences in the kingdom.
The sale required investors to place minimum orders of two million shares each.
Telecom Egypt has been relying on its data business to boost revenue.
The warning comes as Etisalat and Khalifa Foundation plan to auction VIP packages that would provide certain privileges to customers.
The company said EBITDA fell because of dropping revenue at its Indonesian unit Indosat and Myanmar start-up costs.
Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.
Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.
The telco said the money will be used for general corporate purposes.
The deals include a $720 million package and agreements with Standard Chartered Bank and DBS Singapore.
The agreements have a tenor of 10 years and will be used over an 18-month period, Mobily said.
The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said.
More than 23,000 mobile numbers have been switched so far, according to the TRA.
The government will offload 142.5 million Omantel shares, reducing its holding to 51 per cent from 70 per cent.
Batelco will buy 46 per cent of Qualitynet from Ali al-Ghanim & Sons for an undisclosed fee.