Foreword
The Gitex microsite provides in-depth coverage of Gitex Technology Week, the region's leading technology event. Our report will provide a round up of the latest news from the exhibition, including product launches and other announcements making headlines.
We will also take you inside the event to meet key players in the IT and telecom industries as they display their newest products and services. Our coverage will include special video and audio reports where you will be able to view these gadgets firsthand and get a feel for what it is like to be at the exhibition, which takes place at the Dubai World Trade Centre from 9-13 October 2011.
Be sure to visit this site often as we will be updating our coverage frequently before, during, and after the event as news unfolds.
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Bahrain's Batelco sells India S Tel stake following telecom scandal
Batelco has said it is selling its 43% stake in Indian affiliate S Tel for $175m, the first exit by a foreign operator since an Indian court cancelled 122 telecoms licences last week amid a corruption probe, Reuters has reported. Batelco will sell the stake to India partner Sky City Foundation, receiving the price paid to acquire its S Tel holding in 2009, with transaction set for completion in the fourth quarter, Batelco said. "This (the sale) is a part of an earlier understanding with its Indian partner to exit, given the circumstances surrounding the 2G probe in India over the past 12 months," Batelco said, adding the deal had been in the works since late 2011.Latest Technology jobs
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