Friday 29 August 2014
 
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CWC

Batelco profits down 28pc to $115m

Batelco Group, a Bahrain-based telecom company, has reported net profits of BD43.6 million ($115.6 million) in 2013 as against BD60.3 million ($160 million) for the previous year, reflecting a decrease of 28 per cent year over year.

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Batelco re-transfers $100m stake in CWC unit

Bahrain-based Batelco Group today announced that it has agreed with Cable & Wireless Communications (CWC) to unwind the previous transfer of a 25 per cent shareholding in Compagnie Monegasque de Communication (CMC) from CWC to Batelco.

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Batelco's foreign ambitions crimped

Attempts by Batelco, a leading telecom operator in Bahrain, to offset shrinking earnings at home by expanding abroad have run into trouble as parts of its biggest acquisition have fallen foul of regulators. Lacking the firepower o

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Top water issues focus for Dubai summit

Efficient water usage and technologies relating to wastewater in the oil and gas sector will form the agenda for the upcoming Global Water: Oil & Gas Summit in Dubai. The second edition of the summit will be organised by the e

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Top water issues focus for Dubai summit

Efficient water usage and technologies relating to wastewater in the oil and gas sector will form the agenda for the upcoming Global Water: Oil & Gas Summit in Dubai. The second edition of the summit will be organised by the e

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Batelco upbeat on new acquisitions

  Batelco Group's acquisition of various companies from Cable & Wireless Communications (CWC) should be a success for the Bahrain-based firm because of its experience in operating on a small island, official were quoted a

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Batelco justifies CWC deal price

  Bahrain-based Batelco Group has justified the acquisition price agreed by it for Cable & Wireless Communications’ Monaco and Islands (CWC M&I) Division assets.   In a statement the t

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Batelco seeks $650m loan for CWC deal

  Bahrain's Batelco is close to agreeing a $650 million loan that will allow it to buy Cable & Wireless Communications assets in Monaco and elsewhere.   Peter Kaliaropoulos, Batelco's ch

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Batelco deal good for CWC: Analyst

  Bahrain-based Batelco's move to buy Cable & Wireless Communications' (CWC) assets in Monaco and some islands in a deal worth up to $1 billion will allow CWC to cut debt and focus on a smaller geographical area.

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