Batelco mulling Jordan exit

25 Nov 2014

Bahrain Telecommunications Company (Batelco) is considering selling its Jordanian mobile division, Umniah, Bloomberg Businessweek writes, citing people with knowledge of the matter. According to the unnamed sources, Batelco has hired Citigroup Inc to help manage the sale, which is valued at around USD500 million-USD600 million. The sale is in its early stages, however, and no final decision has been made.

Jordan, Bahrain Telecommunications Company (Batelco), Umniah