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FINANCIAL NEWS
Bahrain’s Batelco acquires 46 percent stake in Quality Net
10 Apr 2014
(MENAFN) Bahrain’s Batelco Group said it acquired more 46 percent shareholding of Ali Alghanim and Sons General Trading and Contracting Company’s (Alghanims) in Quality Net, according to Gulf Daily News.
Batelco’s equity stake in Quality Net now reached 90 percent from 44 percent.
Batelco has signed an agreement with the Alghanims in February to purchase their stake in Quality Net, an Internet and data service provider operating in Kuwait.
Batelco Group chairman Shaikh Hamad bin Abdulla Al Khalifa said: “The acquisition provides the right kind of fit for the group to enhance future value of its international operating companies by realising cost efficiencies and further telecom opportunities.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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