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Batelco recorded record revenues last year.
The shareholders of the Batelco Group, the Bahrain-based telecommunications operator, operating in 14 countries, approved a cash dividend for a full year of BD 45.7 million (US $ 121.2 million) after registering record income.
Sheikh Abdulla Bin Khalifa Al Khalifa, president of Batelco, said that his turnover had grown by 7% in one year to reach 405.9 million BD, thanks to the strong performance of his domestic market.
"We have a solid platform to support the long-term success of the group and continue to deliver strong value to our shareholders," he said.
Batelco Group Chairman Ihab Hinnawi described 2018 as a "turnaround", supported by the ongoing roll-out of the group's transformation strategy and key investments in targeted services.
"We are very pleased that the diversification of our revenues has been profitable, with a particularly positive impact achieved through the acceleration of fiber implementation and data penetration. Our efforts have resulted in a significant improvement in fixed broadband services, data communications services and digital services across all our operating markets, "he said.
"In the coming year, we will continue to improve our relationship with our customers and use business intelligence and data badytics as key factors in creating more customer-centric operations," he said. he adds.
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