Batelco bids for Maltese telecom firm

18/05/2016 07:35 AST

Batelco, a Bahrain-based telecom group with operations across 14 countries, has submitted a bid for Maltese telecoms company GO, it said yesterday.

Dubai-based Emirates International Telecommunication (EIT) owns 60 per cent of GO with the remainder publicly traded.

Batelco yesterday said in a bourse statement it had made a bid for GO, but did not explain whether this was for EIT’s stake, the entire company or shares owned by other parties.

EIT, a unit of the personal investment vehicle of the ruler of Dubai, revealed in July last year that it was planning to sell its stake in GO.

According to information on the EIT website, GO is Malta’s first quadruple play operator, with services that include: fixed line telephony, mobile telephony, broadband Internet services, digital and IP television.

GO is also the only Maltese communications provider that owns and operates two fibre-optic submarine cable links to Europe, one via Telecom Italia and the other via Interoute.

A report in The Times of Malta names Batelco and Tunisie Telecom of Tunisia as the two firms vying for control of GO.

A decision on the preferred bidder is expected to be made by the end of the month.


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