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

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