Batelco completes buyout of Cable & Wireless; includes Falklands, St Helena and Ascension services
Now let’s see what greater synergies and pricing are brought to the island to benefit the community.
Batelco Group (Ticker: BATELCO), the regional telecommunications operator headquartered in Bahrain, today announced the finalisation of its recent acquisition of various companies from Cable & Wireless Communications (CWC), which comprise its Monaco and Islands Division.
Batelcos Group Chief Executive Shaikh Mohamed bin Isa Al Khalifa and CWC announced that, following the agreement entered into with CWC on 2 Dec 2012, all necessary regulatory approvals and conditions precedent have now been satisfied and ownership of specific companies has now been transferred to Batelco, effective today.
“As a result of this deal and the further diversification of our business we have the opportunity to deliver greater innovation and value to our customers across many markets whilst also enhancing our ability to maintain strong levels of profitability and to deliver on our commitments to shareholders,” concluded Shaikh Mohamed.