Tuesday, 11 December 2018

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.

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

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