0
Wireless

Mobily moves to profit in Q1 as revenues grow 13%

Wednesday 24 April 2019 | 10:15 CET | News
Saudi operator Mobily turned to profit during the first quarter of 2019, with net profit rising to SAR 67.3 million compared to a net loss of SAR 93.4 million a year earlier. The firm said it grew revenue thanks to a higher subscriber base for the sixth quarter straight, the growth of FTTH subscribers and the increase in the business unit and wholesale revenues. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Mobily
Countries: Saudi Arabia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Mobily revenues rise 15% to SAR 3.3 bln in Q2

Published 22 Jul 2019 08:57 CET | Saudi Arabia
Saudi operator Mobily's revenue increased to SAR 3.3 billion in the second quarter with a year-on-year growth of 15.1 percent ...

Mobily shareholders approve Bayanat merger

Published 16 May 2019 09:57 CET | Saudi Arabia
Saudi operator Mobily's shareholders have approved the merger with Bayanat Telecom at the Extraordinary General Meeting on 14 ...

Mobily 5G network tests in Mecca reach 1 Gbps

Published 29 Apr 2019 08:49 CET | Saudi Arabia
Saudi operator Mobily has conducted site tests in cooperation with Ericsson for 5G in Mecca around the Haram area, reaching ...

Mobily inks partnership deal with Uber on Mobily Mashawir service

Published 18 Apr 2019 11:43 CET | Saudi Arabia
Saudi operator Mobily has partnered with ride hailing service Uber to launch Mobily Mashawir. The new service provides unlimited ...

Mobily launches customer service via WhatsApp

Published 05 Apr 2019 12:33 CET | Saudi Arabia
Saudi operator Mobily has started to provide customer service via WhatsApp. Customers will be able to contact Mobily's customer ...

Mobily collaborates with Cisco to unify, upgrade long-haul network

Published 05 Mar 2019 11:04 CET | Saudi Arabia
Saudi operator Mobily and Cisco announced their collaboration on a project to modernize and upgrade the Saudi National Fiber ...

Mobily builds own cloud network with Ericsson and Huawei

Published 04 Mar 2019 13:38 CET | Saudi Arabia
Saudi operator Mobily says its collaborating with Huawei and Ericsson to build its own cloud network, to provide a flexible and ...

Mobily lifts net profit to SAR 80 mln in Q4

Published 18 Feb 2019 15:56 CET | Saudi Arabia
Saudi operator Mobily reported net profit for the fourth quarter of SAR 80 million, against a loss the year before of 182 ...





Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Orbcomm Q4 2019
26 Feb Box Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Masmovil Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar GTT Q4 2019
::: More Calendar Items