(MENAFN) Etihad Etisalat (Mobily), Saudi Arabia's No.2 telecom operator, dropped by 18.6 percent in net profit in the second quarter, matching analysts' forecasts, according to Arabian Business.
The drop in net profit is attributed to scrapping a network sharing deal with Atheeb Telecom.
Mobily, an affiliate of the United Arab Emirates' Etisalat , posted a USD349.3 million net profit for the quarter, down from USD429 million in the prior-year period.
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