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,


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