Thursday, 13 December 2018

Batelco buys C&W Communications' Monaco and Islands division for $680m

By Nick Wood, Total Telecom
Monday 03 December 12

Deal to expand Bahrain-based Batelco's footprint by 11 new markets, cut CWC's net debt by 40%.

Batelco on Monday agreed to acquire Cable & Wireless Communications' Islands division and a sizeable share of its Monaco Telecom stake for $680 million. Pending regulatory approval, the deal will see the Bahraini operator take full control of CWC's operations in the Maldives, Channel Islands, Isle of Man, the Seychelles, South Atlantic and Diego Garcia. In the case of Monaco Telecom…

Batelco on Monday agreed to acquire Cable & Wireless Communications' Islands division and a sizeable share of its Monaco Telecom stake for $680 million. Pending regulatory approval, the deal will see the Bahraini operator take full control of CWC's operations in the Maldives, Channel Islands, Isle of Man, the Seychelles, South Atlantic and Diego Garcia. In the case of Monaco Telecom…

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