The UAE’s incumbent telecoms operator Etisalat has announced that its net profit for the twelve months ended 31 December 2011 declined 23% to AED5.84 billion (USD1.59 billion) from AED7.63 billion the previous year, after writing off investments worth AED3.04 billion in India.
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OVETEL Etisalat profit hit by impairment charge on India ops
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