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Bahrain Telecommunications Co BSC Completes Acquisition Of Various Companies From Cable & Wireless Communications (CWC)

Wednesday, 3 Apr 2013 08:00pm EDT 

Bahrain Telecommunications Co BSC (Batelco) announced the finalization of its recent acquisition of various companies from Cable & Wireless Communications (CWC), which comprise its Monaco and Islands Division. Batelco has acquired the entire CWC interest in Dhiraagu (Maldives), Sure Channel Islands and Isle of Man and CWC operations in Falkland Islands, St Helena, Ascension and Diego Garcia (SADG). Batelco also acquired 25% shareholding in Compagnie Monegasque de Communications SAM (CMC), which holds CWC’s 55% interest in Monaco Telecom. Total consideration paid for these assets was USD 570 million.