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Channel Islands to decide on Batelco's CWC acquisition by end-Feb
- Bahrain: Thursday, January 17 - 2013 at 04:47
The telecom regulator of Britain's Channel Islands has announced it is to decide whether to approve Batelco's acquisition of Cable & Wireless Communications' (CWC) assets by the end of February, Reuters has reported. Batelco said on Tuesday its shareholders gave their approval for the acquisition deal. The Bahraini telecoms firm agreed in December to buy CWC's Monaco and Islands division in a deal worth up to $1bn, which CWC's shareholders also approved earlier this month.
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