Batelco coniders Middle East acquisitions

05 October 2010

Bahrain’s Batelco has said that if Etisalat’s $10.5bn offer to take control of Kuwait’s Zain is successful, it would be interested in buying Zain Saudi Arabia but only at the right price, The National has reported. “We’re certainly interested in certain Middle Eastern assets and we’re looking for all opportunities in the Middle East to invest in,” CEO Peter Kaliaropoulos said. Batelco already operates a Wimax service called Etihad Atheeb that has about 24% of the wireless broadband market.

Bahrain’s Batelco has said that if Etisalat’s $10.5bn offer to take control of Kuwait’s Zain is successful, it would be interested in buying Zain Saudi Arabia but only at the right price, The National has reported. “We’re certainly interested in certain Middle Eastern assets and we’re looking for all opportunities in the Middle East to invest in,” CEO Peter Kaliaropoulos said. Batelco already operates a Wimax service called Etihad Atheeb that has about 24% of the wireless broadband market.

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