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Mobily profits, STC falls

Published on January 24, 2009 by in News

“Itihad Etisalat (Mobily), Saudi Arabia’s second-largest mobile phone operator beat analysts’ fourth-quarter earnings forecasts due to higher revenues from voice and data services. Mobily made 778 million riyals ($207.5 million) in the three months to Dec. 31, 51 percent higher than the 514.4 million riyals ($137.2 million) it made a year-earlier, the firm said in

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