Batelco Announces that Acquisition of CWC's Business in the Seychelles has not Received Required Approvals to Proceed
Manama, Bahrain:Batelco Group (Ticker: BATELCO), the regional telecommunications operator headquartered in Bahrain, has announced that its acquisition of Cable & Wireless (Seychelles) ("CWS") has not received regulatory approval.
Batelco's Group Chairman Shaikh Hamad bin Abdulla Al Khalifa said that required approvals had not been provided by the Government of Seychelles to proceed with the acquisition.
"We will continue to focus on developing our current businesses including the companies acquired in April 2013. We are already seeing positive results and look forward to promising results in the future."Back