Kuwaiti telco Wataniya Telecom has posted a net profit of KWD50.1 million (USD172.3 million) for the first nine months of 2006, according to AMEinfo, up 22% from KWD39.2 million in the same period last year. More details will be posted when the company reports its full third-quarter financial results. Wataniya is Kuwait’s second largest cellular operator, with 988,000 subscribers at the end of June. It also has operations in Tunisia, Iraq, Algeria, Saudi Arabia and the Maldives.
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