Friday, 24 November 2017

Batelco's passage [back] to India looms

By Mary Lennighan, Total Telecom
Tuesday 09 April 13

A $1 billion deal that would see Bahrain incumbent take control of India's Reliance Globalcom could come within next two months, sources say.

Bahrain's Batelco will broker a $1 billion deal for an 80% stake in India's Reliance Globalcom by the end of next month, it emerged this week. Citing unnamed sources, the Times of India on Monday reported that a consortium led by Batelco and also including private equity firms will take over control of the subsea cable operator by the end of May…

Bahrain's Batelco will broker a $1 billion deal for an 80% stake in India's Reliance Globalcom by the end of next month, it emerged this week. Citing unnamed sources, the Times of India on Monday reported that a consortium led by Batelco and also including private equity firms will take over control of the subsea cable operator by the end of May…

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