Saudi telco Mobily Q2 net profit slips 18.6 pct, matches forecast

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DUBAI, July 21 (Reuters) - Etihad Etisalat (Mobily), Saudi Arabia's **.2 telecom operator, matched forecasts with a 18.6 percent fall in second-quarter net profit on Monday after it scrapped a network sharing deal with Atheeb Telecom. Mobily, an affiliate of the United Arab Emirates' Etisalat , made a first-quarter net profit of 1.31 billion riyals ($349.3 million), down from 1.61 billion riyals in the prior-year period. Analysts polled by Reuters on average forecast Mobily would make a quarterly profit of 1.33 billion riyals. ...

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