Bahrain Telecommunications Company (Batelco) is reportedly holding talks with UK-based Cable & Wireless Communications (CWC) with a view to acquiring the latter’s assets in Monaco and a number of small island nations. According to Reuters, which cites three banking and industry sources, the duo are negotiating a potential deal thought to be worth around GBP614 million (USD1 billion). While both Batelco and CWC have confirmed that they are discussing the possible sale, it is understood that a deal is not imminent, and both parties have stated that there is no guarantee that a deal will be reached
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OVETEL Batelco and CWC discussing GBP614m sale of Monaco & Islands business
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