Batelco Clarifies Speculation
Following some press reports regarding an acquisition Batelco now clarifies the speculation.
Manama, Bahrain – September 17, 2012: Batelco Group (Ticker: BATELCO), the leading telecom in the Middle East of reference with operations across six countries, following some press reports regarding an acquisition, issued the following statement:
“We note recent reports in the press and confirm that we have expressed an interest to Cable & Wireless Communications Plc (CWC) to enter into a transaction involving their Monaco and Islands business unit, a division of CWC. At this point, there can be no certainty that this will lead to a transaction. A further announcement will be made in due course if appropriate,” stated Batelco Group Chief Executive Shaikh Mohamed bin Isa Al Khalifa.
This press release has been issued by Batelco Corporate Affairs department. For further information, please contact Batelco Public Relations Office Public.Relations@btc.com.bh / Fax +973 17611898.