Batelco Plans Saudi Investment

Author: 
Mehmood Rafique, Arab News
Publication Date: 
Wed, 2007-07-25 03:00

MANAMA, 25 July 2007 — Bahrain Telecommunications Company (Batelco), a leading integrated telecommunications provider across the region, along with members of a consortium unveiled the plans to invest over half a billion US dollars on putting in place the necessary infrastructure as well as service delivery channels in Saudi Arabia. Peter Kaliaropoulos, chief executive of Batelco, said yesterday Batleco was awaiting the ratification of its fixed line provider license to operate in Saudi Arabia from the Council of Ministers, would initially invest around $40 million while the consortium of companies would be looking at $500 million investments over the period of five years.

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