Batelco

Batelco quits Malta GO stake deal talks

Bahrain Telecommunications Co (Batelco) is no longer in talks to buy Maltese telecoms company GO, the Bahraini firm said on Tuesday.
Last week, Batelco announced it had submitted a bid for GO, which is 60 per cent owned by Emirates International Telecommunications (EIT), a unit of Dubai Holding. These discussions have now ended, Batelco said in a statement to Bahrain’s bourse. Batelco said negotiations had been for it to buy as much as 100 percent of GO but did not provide further details.

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