Bahrain Telecommunications Co BTEL.BH is in talks with Cable & Wireless Communications (CWC.L) to buy its assets in Monaco and a host of island nations, a deal potentially worth around $1 billion, three banking and industry sources said.
Batelco, whose move to buy a stake in Zain Saudi 7030.SE collapsed last year, is circling the Monaco & Islands portfolio of CWC, the British telecoms group operating in the Caribbean and formed through a demerger of Cable & Wireless in 2010.
Talks between both the parties are ongoing and a deal is not imminent, the sources said on Monday, speaking on condition of anonymity as the matter is not public.
No comments:
Post a Comment