Friday 29 March 2024
 
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Batelco vows to pursue $212m claim against Siva

Bahrain-based Batelco Group of Companies has expressed its determination to recover the $212 million from Chinnakannan Sivasankaran and his firm following his recent bankruptcy declaration. BMIC Limited, a wholly owned subsidiary

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Batelco vows to pursue $212m claim against Siva

Bahrain-based Batelco Group of Companies has expressed its determination to recover the $212 million from Chinnakannan Sivasankaran and his firm following his recent bankruptcy declaration. BMIC Limited, a wholly owned subsidiary

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India deal: Batelco seeks payment of $212m claim

Batelco Group, the Bahrain-based international telecommunications group with operations across 14 countries, has demanded full payment of the judgment debt totalling $212 million awarded by the English High Court of Justice against Chinnakannan

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Batelco set to recover India investment

Bahrain's leading telecoms operator Batelco is poised to recover its investment in Indian affiliate S Tel after selling its 43 per cent stake in the unit, Sico Research said, raising its long-term rating on the stock to 'buy' from '

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Batelco sees Indian unit hitting 2011 profit

Batelco, the leading telecom service provider in Bahrain, expects its full-year profit to fall about 19 per cent due to the start-up costs for its Indian unit and stronger competition at home, its chief executive said. Batelco is one of th

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India rejects Batelco plan to raise S Tel stake

Bahrain Telecommunications Company's (Batelco's) plan to raise its stake in Indian communications firm S Tel has been rejected by the Indian government, according to reports. Earlier this year, Batelco had sought approval to raise

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India rejects Batelco plan to raise S Tel stake

Bahrain Telecommunications Company's (Batelco's) plan to raise its stake in Indian communications firm S Tel has been rejected by the Indian government, according to reports. Earlier this year, Batelco had sought approval to raise

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Batelco unit wins India 3G spectrum

Batelco Group has announced that its affiliate company in India, S Tel, has secured 3G spectrum for its operations in Orissa, Bihar and Himachal Pradesh. S Tel, in which Batelco Group has a 42.7 per cent stake, will pay approxima

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GB Corp buys key stake in Batelco's S Tel

Global Banking Corporation (GBCorp) on Wednesday signed an agreement with Batelco Group, Bahrain's leading telecom company, to acquire a 11 per cent stake in S-Tel, its Indian telecom venture with Siva Group. Highlighting the stra

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Batelco to start India ops in Q4

Batelco, Bahrain’s leading telecom provider, expects its Indian mobile phone affiliate S Tel to start operations in the fourth quarter. “We have been working very closely with our partners and we are looking forward to the launch of full s

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