Companies / Kuwait
Batelco Offers To Buy Jordanian Subsidiary
February 2008 | Company News AlertBahrain Telecommunications Company (Batelco) has offered to purchase the 20% stake it does not already own in Batelco Jordan for a total consideration of JOD2.13mn (US$3.01mn). Through its 96%-owned subsidiary Umniah Mobile Communications, Batelco has made an offer to all of the minority shareholders of Batelco Jordan, valuing the business at JOD10.63mn.
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