LONDON Dec 2 Cable & Wireless Communications
is considering options for its assets in the Seychelles
after Bahrain Telecommunications Co failed to secure
approval to buy the business by a set date.
"Cable & Wireless Communications has been notified that all
necessary approvals for the sale of its business in the
Seychelles to Batelco Group have not been granted," it said.
"Accordingly, that disposal did not complete by the
long-stop date agreed with Batelco and CWC will be considering
its options for the Seychelles business."
The state-controlled buyer, known as Batelco, said a year
ago it would buy CWC's Monaco and Islands division, which owned
stakes in telecom operators in 12 markets including the
Maldives, Channel Islands and the Seychelles, providing
fixed-line, mobile, broadband and television services.
Shares in the British group fell 1.9 percent on the news.