Wednesday, 24 January 2018

Saudi Telecom to sell out of Indonesia as results continue to drag

By Mary Lennighan, Total Telecom
Monday 22 July 13

Saudi Arabian telco attributes 40% decline in first-half net profit to writedown on Indonesia, India businesses and forex loss.

A decline in profits for Saudi Telecom in the first half of this year came alongside renewed talk that the operator will sell off its Indonesian subsidiary Axis. Saudi Telecom Company (STC) on Sunday posted a 40% on-year decline in net profit for the first six months of 2013 to 2…

A decline in profits for Saudi Telecom in the first half of this year came alongside renewed talk that the operator will sell off its Indonesian subsidiary Axis. Saudi Telecom Company (STC) on Sunday posted a 40% on-year decline in net profit for the first six months of 2013 to 2…

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