01 Aug 2010
(MENAFN) Bahrain Telecommunications Company (Batelco) said that its plan to raise its stake in Indian communications firm S Tel has been rejected by the Indian government, Gulf Daily News reported.
Earlier this year, Batelco had sought approval to raise its nearly 42 percent stake in S Tel by an additional 6.3 percent for about $53 million.
If the deal had taken place, S Tel’s foreign holding would have risen to 54.61 percent because another foreign entity – Mauritius-based Telecom Investment Private, already has a 5.6 percent stake in the firm, The Economic Times reported.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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