Batelco Group: Financial Perfomance and 2013 Outlook

Shaikh Mohamed bin Isa Al-Khalifa, CEO of Batelco Group comments on the financial performance of the Batelco Group in 2012 and 2013.

“2012 has been a challenging year for Batelco Group; nevertheless, the strength of the group and the strength of its presence in the markets that it operates in have given us the excellent results that we achieved in 2012,” admints Al-Khalifa.

The main highlight of 2012 performance is the growth of Batelco’s subscriber base that reached 7.8 million in 2012.

Looking to the future Al-Khalifa concludes: “It is also important to note that the acquisition of the Cable & Wireless (CWC) in 2012, which will close in 2013, will further increase the strength and it will give us an additional eleven markets to operate in. This will place Batelco as a global player as opposed to just a regional player in the Middle East.”