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Batelco Clarifies Speculation

Batelco Clarifies Speculation

Batelco Clarifies Speculation

Manama, Bahrain: Batelco Group (Ticker: BATELCO), the regional telecommunications operator of reference with operations across six countries, following some press reports regarding an acquisition, issued the following statement:

"We note recent reports in the press and confirm that we have expressed an interest to Cable & Wireless Communications Plc (CWC) to enter into a transaction involving their Monaco and Islands business unit, a division of CWC. At this point, there can be no certainty that this will lead to a transaction.  A further announcement will be made in due course if appropriate" stated Batelco Group Chief Executive Shaikh Mohamed bin Isa Al Khalifa.