The company said previous preparations for an IPO had been put on hold because of the political climate.
Virgin Mobile Middle East and Africa was one of the winning bidders for three mobile virtual network operator (MVNO) licences in the kingdom.
The sale required investors to place minimum orders of two million shares each.
Telecom Egypt has been relying on its data business to boost revenue.
The warning comes as Etisalat and Khalifa Foundation plan to auction VIP packages that would provide certain privileges to customers.
The company said EBITDA fell because of dropping revenue at its Indonesian unit Indosat and Myanmar start-up costs.
Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.
Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.
The telco said the money will be used for general corporate purposes.
The deals include a $720 million package and agreements with Standard Chartered Bank and DBS Singapore.
The agreements have a tenor of 10 years and will be used over an 18-month period, Mobily said.
The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said.
More than 23,000 mobile numbers have been switched so far, according to the TRA.
The government will offload 142.5 million Omantel shares, reducing its holding to 51 per cent from 70 per cent.
Batelco will buy 46 per cent of Qualitynet from Ali al-Ghanim & Sons for an undisclosed fee.
Wataniya made a net profit of 18.4 million dinars ($65.3 million) in the three months to December 31, 2013.
The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.
Du’s full-year profit for 2013 was Dhs1.99 billion, up slightly from Dhs1.98 billion a year earlier.
Du’s new loan will replace two existing debt facilities.
Under the terms of its licence, Zain Bahrain must sell 15 per cent of its shares in an IPO and list on the Bahrain bourse.
The telecoms firm has applied to Bahrain’s Ministry of Industry and Commerce for approval to become a public company.
Expenses for the quarter, which include wages, interconnection costs and roaming charges, reduced by 2.7 per cent.
The revision was mainly driven by Fitch’s concern about regulatory uncertainty in Bahrain, it said.
The first phase is reserved for wealthy local investors and due to finish in March and the second will be open to all Omanis, say reports.
The firm, majority-owned by Ooredoo, made a net profit of OMR10 million.
The company’s mobile customer base grew 27 per cent to reach 1.27 million mobile customers as of December 31.
Batelco confirmed a deal with Cable & Wireless Communications in 2013 to buy its Monaco and Islands Division for $570 million.
Zain said foreign exchange revaluations wiped $149 million from its full-year profit.
The telecom operator is expected to start the service via its partner, London’s Lebara Group.
Subscriptions dropped to 51 million as of September 30, 2013, from 56.1 million two years ago.