Batelco reported that its first half profits fell by 22 per cent to BD27 million (US$81.8 million) due to the acquisition and related financing of its acquisition of the Island Units (Dhiraagu, Channel Islands & Isle of Man, South Atlantic and Diego Garcia) from Cable & Wireless Communications (CWC).

The group’s revenue for the period rose by 10 per cent to BD170.7 million.

At the end of the six month period, 50 per cent of revenues and 48 per cent of EBITDA was attributable to operations outside of Bahrain.

The group subscriber base was up by 24 per cent at 8.6 million.

Bharti Airtel reported its first-fiscal quarter financials to June 30 and saw revenues rise by 9.9 per cent as its core Indian market stabilised after a couple of years of shrinkage.

Consolidated revenues at Rs202.64 billion (US$3.3 billion) grew by 9.2 per cent, over the corresponding period last year, led by 10.9 per cent growth in Indian mobile revenues, 34 per cent in Digital TV, 17.9 per cent in B2B and 37.1 per cent in South Asia.

Reported International revenues comprising of Africa and South Asia operations grew by 4.6 per cent year-on-year in local currency terms.

However, the company still posted its 14th consecutive quarter of declining profits. Net profits came in at Rs6.89 billion, down 9.6 per cent from Rs 7.62 billion in the corresponding quarter last year.

The operator’s consolidated customer base reached 275 million at the end of June, up five per cent year-on-year.

Oman based mobile network operator, Nawras has posted a modest rise in its second-quarter revenues, but saw its profits plunge by nearly a quarter.

Revenues rose by 3.7 per cent to reach OMR50.2 million (US$130 million), driven by increases in both fixed and mobile data revenues offset by decreases in SMS and national voice revenue.

Net profit however fell by 22.7 per cent to OMR7.5 million, which the company said was due to lower EBITDA and higher depreciation cost due to network modernisation.

The total number of customers grew by 13.1 per cent, to 2.29 million at the end of the first half of 2013 compared to 2.03 million a year ago.

Alcatel-Lucent has reported that its quarterly losses more than doubled in Q213 due to write-downs despite seeing an improvement in its revenues.

The company posted a net loss of €885 million (US$1.17 billion) for the three months to the end of June, which included a write down of €552 million on the value of its assets, along with €194 million of restructuring charges and a financial loss of €180 million.

Revenues were however up slightly at €3.6 billion, a rise of 1.9 per cent over the previous year. Of the total, the networks division posted revenues of €3.06 billion, although there was a slight decline in wireless networks sales.

The gross margin was 31.9 per cent, similar to last year and improving compared to Q113 as a result of higher volumes and a more favourable product mix.

Commenting on the Q2 results, Michel Combes, CEO Alcatel-Lucent said: "We are at the beginning of our journey towards 2015 and cash remains a challenge. Looking ahead, our clear focus will be maintaining a strict and disciplined approach to implementing The Shift Plan across all of its industrial, operational and financial dimensions."

African tower network operator, IHS Towers say that it has raised US$522 million in fresh debt and equity, led by new and existing lenders and shareholders.

The combined transaction, which represents one of the largest capital expansion initiatives in Africa during the last 12 months, brings the total financing raised by IHS Towers to over US$1 billion.

IHS said that it will utilise the proceeds to finance the construction of more than 1,000 build-to-suit towers in Nigeria, Côte d’Ivoire and Cameroon, to invest in solar and energy efficiency solutions, and to fund further expansion into new markets.

The company did not name the new shareholder other than to say it was an Asian sovereign wealth fund.

IHS Towers currently has 8,500 towers in its tower portfolio and has built over 3,000 for its clients, making it Africa’s largest independent mobile infrastructure provider.