Batelco scraps Umniah sale

25 Feb 2016

Bahrain Telecommunications Company (Batelco) has abandoned its plans to sell its Jordanian division, Umniah, Zawya reports. In a statement to the Bahraini bourse, Batelco general manager of corporate affairs Ahmad Hussein Al Janahi said: ‘Having explored received interest, the Batelco board of directors has decided that it is in the best interest of stakeholders to retain its full ownership of Umniah and not to progress any further with the sale process.’ As previously reported by TeleGeography’s CommsUpdate, Batelco received a number of non-binding offers from unnamed ‘interested parties’ for Umniah in January this year.

Jordan,Bahrain Telecommunications Company (Batelco), Umniah,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share