Flip through the latest issue of Gulf Weekly.
BATELCO has announced gross revenues of BD80.81 million and net profit of BD17.46 million for the first quarter of 2011.
The telecom giant expects to complete within weeks a major upgrade of its mobile network expansion programme at an investment of BD14.5 million which will ensure delivery of 'very fast' - up to 21Mbps - wireless data services throughout the kingdom and enhance its coverage and quality of service in newly-developed or remote areas.
"Across the Batelco Group of companies we have grown our customer base to 9.8 million, a further 600,000 customers since Q4 FY10 and a 54 per cent increase since this time last year. However, our group operation continues to be affected by the expected losses in establishing and growing our Indian joint venture, S Tel, and the intensity of competition in Bahrain," chairman Shaikh Hamad bin Abdulla Al Khalifa said.
