Batelco Group: Future Plans, Mergers and Acquisitions

Shaikh Mohamed bin Isa Al-Khalifa, CEO of Batelco Group, outlines the future mergers and acquisitions.

The plans for the future are clear. The company will seek to further enhance the financial position in the balance sheet and remain open to whatever opportunities may come. The Batelco Group is always on the lookout for new markets, companies that would add value to the business. Al-Khalifa stays cautious but says, ” We are always in the market looking for opportunities and there may be something coming towards the end of the year.”

The sentiment prior to the acquisition and subsequent expansion to the new 11 markets in the group could be characterized as “exciting”, says Al-Khalifa.

“We are all excited. We are looking at these new markets to give us new products and new areas of operation that are adjacent to the normal core telecommunications operations. So we are all excited and we think that since we are coming from an island operation, most of the assets that we are acquiring are similar island operations as well.” he continues.