Batelco weighs $2 bln S. Africa buy

Bahrain Telecommunications (Batelco) is studying an acquisition in North Africa of up to $2 billion, its chief executive said in remarks published on Sunday.

The Al-Watan newspaper cited Batelco's chief executive, Peter Kaliaropoulos, saying the telecoms operator expected to announce the deal before the end of the year, without providing further details.

A spokeswoman for the company had no immediate comment on the report.