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C&W sells 20% Batelco stake
- Bahrain: Saturday, December 09 - 2006 at 09:13
The UK's Cable and Wireless has sold its 20% stake in Batelco to three Bahraini government agencies including the Mumtalakat Property Holding Company, the Bahrain General Organisation for Social Insurance and the Bahrain Pension Fund Commission, according to Bloomberg. The deal is worth $506m and Cable and Wireless International claims it will make a profit of $295m.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 09 - 2006 at 09:13 UAE local time (GMT+4)
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This article was updated on Sun Dec 10 2006.
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