Wednesday, May 13, 2009

Bahrain Telecommunications Company (Batelco) acquired 49% of S Tel Limited for $225m, it operates in six states in India

[ame] The chairman of Bahrain Telecommunications Company (Batelco) has announced that the company has completed all formalities to acquire a 49% stake in Indian telecom company S Tel Limited for $225m. S Tel has licences to operate in 6 Indian states - Bihar, Orissa, Jammu & Kashmir, Himachal Pradesh, North East and Assam.

Batelco acquires 49% stake in Indian firm

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