Saudi Arabian fixed line and broadband operator Etihad Athleeb Telecom (GO Telecom) has published its interim results for the three months ended 31 March 2014, reporting a net loss of SAR67.69 million (USD18.05 million), a 9.83% decrease on the SAR66.44 million reported in 1Q13; the telco has attributed the negative development to lower operating income and an increase in operating expenses. Total operating revenue for the period under review decreased by 4.5% to SAR57.7 million, which was mainly attributed to a ‘continuous price decline in the residential broadband sector, as a result of increased competition and lack of strict regulatory control in the sector, in addition to the introduction of fibre-to-the-home (FTTH) services and the spread of mobile broadband services’.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors