Batelco receives non-binding offers for Umniah

20 Jan 2016

Bahrain Telecommunications Company (Batelco) has received a number of non-binding offers for its Jordanian wireless arm, Umniah, from ‘potential interested parties’ the group announced in a bourse filing. Batelco revealed in October last year that it was considering options for Umniah and launched a private sale process for the cellco shortly afterwards. The group and its advisers will now evaluate the offers, although no timeframe for the assessment process was given, nor were the identity of the bidders revealed.

Jordan, Bahrain Telecommunications Company (Batelco), Umniah