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Fri 4 Oct 2019 12:26 PM

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Batelco to phase out prepaid calling cards by 2020

Batelco said its 123Call and PPCC prepaid cards will be suspended by December 31

Batelco to phase out prepaid calling cards by 2020

Bahrain-based telecoms operator Batelco will phase out its prepaid calling cards by the end of the year, the company has announced.

In a statement, Batelco said its 123Call and PPCC prepaid cards will be suspended by December.

All customers have been advised to consume the remaining balance on their cards by that date.

In a statement, the company said that it “continues to revise its products and services portfolio in order to deliver the most relevant and in-demand services, ensuring reliability and value for money.”

In July, Batelco reported an an 18 percent rise in net profit to BD34 million ($90.1 million) for the first six months of 2019.

The telco said an impairment loss of BD20.3 million on its investment in its associate company in Yemen was compensated by a gain of BD27.2 million in Q2 from the sale of Qualitynet, the company’s subsidiary in Kuwait.

Net profit of BD19.4 million was reported in Q2, a 24 percent increase over the corresponding period of 2018.

The telco also posted a 1 percent increase in revenues to BD201.7 million over H1 2018, boosted by strong performance in the home market despite a challenging environment.

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