Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

COMMERCIAL NEWS

Batelco unit Sure to acquire Airtel-Vodafone in Channel Islands

Oct 3, 2022 3:29 PM

Bahrain-based Batelco has announced that its subsidiary Sure has agreed to buy Airtel-Vodafone a mobile network provider located in Jersey and Guernsey in the Channel Islands. The merger will trigger significant...

Bahrain-based Batelco has announced that its subsidiary Sure has agreed to buy Airtel-Vodafone, a mobile network provider located in Jersey and Guernsey, in the Channel Islands. 
 
The merger will trigger significant investment in the islands’ digital infrastructure including the introduction of the latest 5G technology to the islands, resulting in the delivery of innovative mobile networks on an accelerated programme to provide high-speed gigabit technology, said a Batelco statement. 
 
Sure is investing in building high-quality mobile networks which will improve coverage, value and reliability for customers and complements Sure’s fiber networks. The merger supports Sure’s strategy to grow in scale and scope, in line with Batelco’s international investments aspirations, it said.
 
Batelco CEO Mikkel Vinter commented: “As part of our international investments strategy, we continuously seek out opportunities for the growth and development of our overseas businesses. Sure, our subsidiary based in the Channel Islands, has continued to deliver strong performance, and the merger with Airtel-Vodafone supports the ambition to grow its mobile networks and deliver new and enhanced digital services, including the latest 5G technology, for its customers across Jersey and Guernsey.”
 
The proposed merger is subject to regulatory approval in both Guernsey and Jersey, it said. – TradeArabia News Service 
 

Premium Partners - commercial

COMMERCIAL NEWS

Batelco, Nokia to deliver 5G private wireless networks in Bahrain Mar 26, 2024 15:42 PM

Batelco part of the Beyon Group and Nokia the market leader in 5G...

Tamkeen and BIBF partner to empower Bahrainis Mar 25, 2024 16:23 PM

Bahrain s Labour Fund Tamkeen has announced its support for Bahrainis...

Bank ABC approves cash dividends of $70m, a 50pc rise YoY Mar 25, 2024 09:32 AM

Bank ABC a leading Mena bank has received shareholders approval...

Flooss fintech platform wins Sharia-compliant certificate Mar 21, 2024 16:47 PM

Flooss a pioneering fintech platform has announced its status as...

Digital channels save 85pc government costs in Bahrain: iGA Mar 21, 2024 09:24 AM

Some 10.4 million government transactions were conducted through...

NBB launches innovative digital personal financing Mar 20, 2024 16:10 PM

The National Bank of Bahrain (NBB) has announced the launch of its...