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Bahrain Telecommunications Co BSC Eyes Cable & Wireless Communications PLC Assets In $1 Billion Telco Deal-Reuters


Monday, 17 Sep 2012 10:17am EDT 

Reuters reported that Bahrain Telecommunications Co BSC is in talks with Cable & Wireless Communications PLC to buy its assets in Monaco and a host of island nations, a deal potentially worth around $1 billion. CWC confirmed Batelco had approached it for the assets, saying there was no guarantee talks would lead to a deal. BNP Paribas and Citigroup are advising Batelco on the transaction, while J.P. Morgan Chase is advising the seller. 

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