Friday, 23 June 2017

Batelco, C&W Communications agree to unwind Monaco deal

Batelco
Monday 30 December 13

Batelco Group, today announced it has agreed with Cable & Wireless Communications Plc ("…

Batelco Group, today announced it has agreed with Cable & Wireless Communications Plc ("CWC") to unwind the previous transfer of a 25% shareholding in Compagnie Monegasque de Communication SAM ("CMC") from CWC to Batelco.

CWC has re-paid to Batelco the $100 million paid by Batelco to CWC upon completion of the Islands disposal and Batelco has re-transferred to CWC the 25% shareholding in CMC. All option arrangements between CWC and Batelco in relation to CMC have terminated.


View more of the latest press releases from across the industry or post your company's news.

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry