The company made a third quarter net profit of 1.07 billion riyals while domestic revenue for the first nine months rose 9.4 per cent.
The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.
STC reports jump in third-quarter profit due to growth in broadband but still misses market expectations.
The telecoms operator said net loss widened by two percent because of lower revenues.
Batelco currently owns Jordanian operator Umniah and 27 per cent of Yemeni mobile firm Sabafon.
The Saudi telecom giant has also revealed details of a new collaboration with Hilton Hotels.
The telecommunications firm operates in 17 countries in Africa, Asia and the Middle East.
The Saudi telecom giant has made several announcements on the opening day of technology week, including deals with Ericsson, Huawei and Wikipedia.
The Kuwaiti telecoms operator is looking for funding to help boost network capabilities and improve its current services.
The Qatari telecoms operator is to own almost all of Kuwait’s Wataniya network as Kuwait Investment Authority sell up.
The ambitious project currently faces technical and financial obstacles.
The UAE network is eyeing up new ventures into core markets, funded by a $510 million sale of its Indonesian stakes.
The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.
UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.
Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.
The Kuwait-based operator has revealed two new appointments to its top level board.
The state-owned operator repaid the five-year syndicated term loan from existing funds.
Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
The telecoms operator reported a net profit of around $251.58 million in the second quarter of the year.
The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.
The UAE telecom operator has ruled out any new investments until 2014.
UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.
The UAE- based telecoms company made a net profit of Dhs1.9 billion mainly due to increased international revenues.
The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.
The telecoms firm’s $1.69 billion rights issue was subscribed by more than 632 million shares.
Higher revenues from international operations boosted the telecoms operator’s profits.
Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.
The Qatar-based telecoms operator plans to buy the remaining majority stake in Wataniya for $1.9 billion.