Bahrain’s Batelco Q4 net profit falls 1.5%

www.WirelessFederation.com/news: The fourth-quarter net profit of Bahrain’s biggest telecom operator, Batelco, fell 1.5% to 25.5 million Bahraini dinars ($67.6 million) from a year earlier period. However, 0.8% rise in the net profit of the operator was recorded in 2009, to BHD105 million from BHD104.2 million a year earlier.

31% of gross revenues last year have been contributed by overseas operations of the company. Year-on year increase of 19% has also been recorded by the in company in its subscriber’s base in 2009 reaching up to 5.1 million.

Batelco’s joint venture in India operating under the name of Stel reached a customer base of over 450,000 in the Asian country within six weeks.