Bahrain Telecommunications Co (Batelco) wants to increase its holdings in affiliate firms, its chief executive said, as the former monopoly seeks to maximize its control and the returns from the operations.
This would follow similar moves by other Gulf state-controlled operators, which have sought to either take
majority control of foreign units or reduce their holdings.
Larger rival Qatar Telecom (Qtel) this year agreed to pay about $3.3 billion upping its stakes in Kuwait's Wataniya and Iraq's Asiacell, while Etisalat of the United Arab Emirates sold a 9.1 percent stake in Indonesia's PTXL Axiata in September.
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