Marcopolis presents the Bahrain Report focused on the investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking sector, ICT, investments and more.
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Shaikh Mohamed bin Isa Al-Khalifa, CEO of Batelco Group, makes an profoundly important decision to diversify and to acquire the Cable & Wireless (CWC).
According to Al-Khalifa, "It is also important to note that the acquisition of the Cable & Wireless (CWC) in 2012, which will close in 2013, will further increase the strength and it will give us an additional eleven markets to operate in. This will place Batelco as a global player as opposed to just a regional player in the Middle East."
The diversification earmarks the beginning of a new era for the mobile operator. By adding 11 new markets and moving the revenue base from international operations well above 40%, the group seeks to minimize the effect of a single market dominance.
Talking about the quality of the new assets Al-Khalifa says, "These are stable markets that will give us good, solid returns and strong cash flows to make sure that we can continue on our dividend payment policy to our shareholders."