Saudi Telecom beats profit forecasts; Equatorial Guinea launches telecom infrastructure firm

Wireline news from across the web:

> The Gulf region's top telecom operator, Saudi Telecom Co. reported a 6.7 percent rise in second quarter profits, surpassing analyst estimates. Story

> The Equatorial Guinea government has launched a new telecommunications infrastructure company to link the cities of Malabo and Bata with fiber. News release

> Telecom Plus, best known for owning and operating the Utility Warehouse brand, cited "encouraging momentum" in an interim management statement. Story

> India's top two telecommunication companies--Bharti Airtel and Reliance Communications--are expected to report a fall in their first-quarter net profits as a sharp drop in the local currency's value has driven up the cost to service their overseas debt. Story

And finally … CenturyLink will release its second quarter 2012 earnings results Aug. 8. News release

Suggested Articles

Deutsche Telekom's T-Systems subsidiary has deployed VMware's disaster-recovery-as-a-service platform on its Dynamic Services for Infrastructure (DSI…

Google is investing 3 billion euros ($3.3 billion) to expand the company's data footprint across Europe over the next two years.

When it comes to its fiber deployments, Verizon is hitting its stride, according to Verizon Chairman and CEO Hans Vestberg.