Zain KSA (Zain Saudi Arabia) has managed to increase its revenues by 8 percent and reduce its net losses by more than 11 percent year-on-year, according to its third-quarter financials. A rise in the number of voice calls and increasing demand for broadband helped change things for the better. (See Zain Saudi Arabia Reports Q3.)
Not such good news at Russian long-distance operator Rostelecom , which posts net profits down 19 percent to $273 million year-on-year in its second-quarter results, reports Ria Novosti.
— Paul Rainford, Assistant Editor, Europe, Light Reading