(MENAFN) Saudi Etihad Etisalat (Mobily), suffered a net loss of USD215 million during the second quarter of this year as a result of dispute with Zain.
The company Exposed to loss in the second quarter that missed forecasts said that its loss rises from a dispute with competing telecom operator Zain Saudi.
Early forecasts expected that Mobily, which competes with Saudi Telecom Co and Zain Saudi, would make a quarterly loss of USD168.7 million.
It's worth mentioning that Mobily restated its results for the 27 months to March 31, cutting down its total profits over the period by almost USD469 billion.
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