Monday 20 May 2019
 
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SPLIT INTO TWO UNITS

Engineer Kamal with other officials at the press conference

Bahrain's Batelco completes legal separation

MANAMA, 6 days ago

Batelco, Bahrain’s leading telecom operator, has announced the completion of its legal division into two independent entities – one dealing with the infrastructure for National Broadband and the other retail and enterprise operations.  

The separation forms part of the implementation of the kingdom’s 4th National Telecommunication Plan (NTP4).

The announcement was made by Transportation and Telecommunications Minister Engineer Kamal bin Ahmed Mohamed at a press conference held yesterday (May 13) in the presence of Batelco chairman Shaikh Abdulla bin Khalifa Al Khalifa, acting director of TRA Shaikh Nasser bin Mohammed Al Khalifa, Batelco board members, executive management, stakeholders and officials from concerned parties.

The minister said: “Batelco, one of the leading telecommunication providers in the Kingdom, has completed the legal separation as part of the National Telecommunications Plan approved by the Council of Ministers in May 2016. The Ministry of Transportation and Telecommunications continues to provide its support to all telecommunication companies in the Kingdom of Bahrain, including Batelco.

“We have worked closely with Batelco to coordinate with all governmental entities and stakeholders in order to create comprehensive plans for the facilitation of the legal separation and restructuring of the two companies,” he added.

“The new infrastructure company will work with the government to create a fiber optic network providing residents in all areas of the kingdom with high-speed internet access. These developments come in line with the Economic Vision 2030, which focuses on the provision of high quality services in the Kingdom of Bahrain and will achieve the government’s vision of the 4th National Telecommunications Plan,” he added.

 

Batelco has recently announced the appointment of Mohamed Bubashait as the CEO of the new infrastructure company for National Broadband and Mikkel Vinter as the new CEO of Batelco Bahrain, which will be the entity responsible for the retail and enterprise operations. The two separate entities will remain under the ownership of Batelco.

Batelco chairman Shaikh Abdulla confirmed the completion of the legal separation, including the restructuring of the executive management teams, separation of operations systems and human resources, in line with the NTP4 telecommunication guidelines and TRA Regulations.

Shaikh Abdulla also stressed on the importance of maintaining the best interests of the company and its stakeholders by stating:“It is a priority for the Board of Directors to achieve the highest possible returns as well as enriching future returns, and ensuring the continuous and sustainable success of the company in the long run.

“We also want to confirm that the restructuring of the company, as part of the NTP4, is going to create new horizons for Batelco and opportunities to invest in digital technology and furthermore, create new and diverse revenue streams which is in line with the kingdom’s vision for the growth of the digital economy.”

Acting general director of the TRA, Shaikh Nasser bin Mohammed Al Khalifa said: “The legal separation project reflects the vision of His Majesty the King, His Royal Highness the Prime Minister and the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister to develop the growth and economic diversification of the telecommunication sector. It is thanks to the vision of our leadership that the Kingdom has received the highest level of international acclaim over the last few years, the latest being the Kingdom’s ranking as fourth in the world according to the United Nation’s Index of Communications Infrastructure.”

“Through the regulatory framework of the 4th National Communication Plan, the success of this project is based on the competition of providing high-speed internet for the benefit of the consumer in order to provide them with unprecedented speeds of broadband services and support the business sector in order to make the Kingdom of Bahrain a strategic investment destination and a regional hub for trade and ICT,” he added.

 

 




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