Batelco acquires 49 pc stake in India's S Tel for $225 mn

Started by Kalyan, Jan 18, 2009, 09:47 PM

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Kalyan

Jan 18, 2009, 09:47 PM
Batelco acquires 49 pc stake in India's S Tel for $225 mn

Bahrain Telecommunications Co (Batelco) said on Sunday it agreed to acquire a 49 percent stake in Indian mobile operator S Tel Ltd for
$225 million.

Batelco said in a statement it partnered with Millenium Private Equity to purchase the stake in S Tel. It said the deal is expected to be completed during the first quarter.

courtesy : economic times
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