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FINANCIAL NEWS
Bahrain’s Batelco, India’s Reliance Communications in talks over potential acquisition
15 Mar 2013
(MENAFN) Bahrain Telecommunications Co (Batelco) announced that at the current time it is in discussions with India’s Reliance Communications for a potential acquisition in the operator’s enterprise business segment, Reliance Globalcom, reported The Peninsula.
Batelco, which owns Jordan’s telecoms company Umniah and a 27-percent of Yemen’s mobile operator Sabafon, said that the aim of the acquisition is to widen its business abroad, in order to compensate for lowering income in its home market.
Reliance Globalcom provides communications services to over 2,100 businesses, 200 carriers and 2.5 million retail clients in 163 countries.
It is worth noting that as of December, Reliance Communications, India’s third-biggest mobile phone carrier by customers, had net debt of nearly USD6.9 billion.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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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