Batelco, Bahrain Telecommunications Company, has denied news reports published in some local papers May 16th that it is in negotiations to sell 20% of shares to an international telecommunications company.
“Regarding the sale of any share of Batelco to another interested party, this is a matter for the shareholders, not management. The Batelco management team is focused on improving the performance and competitiveness of the company which is what creates value for all shareholders and employees,” said Batelco’s Chief Executive Peter Kaliaropoulos.
Batelco acknowledges that it is actively exploring various opportunities to acquire companies and new licences in MENA. However, at this stage, it is premature to comment on any negotiation.
“Market rumours about entering into the Somalian telecommunications market
are baseless,” commented Batelco’s Corporate Affairs General Manager Ahmed Al Janahi.
