Batelco may acquire CWC’s Monaco and Islands businessBatelco Group, the regional telecommunications operator of reference with operations across six countries, on Monday clarified the reports about the possible acquisition of CWC businesses in Monaco and Islands.
“We note recent reports in the press and confirm that we have expressed an interest to Cable & Wireless Communications Plc (CWC) to enter into a transaction involving their Monaco and Islands business unit, a division of CWC. At this point, there can be no certainty that this will lead to a transaction. A further announcement will be made in due course if appropriate,” Batelco Group Chief Executive Shaikh Mohamed bin Isa Al Khalifa, said.
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