Sunday, January 18, 2009

Bahrain's Batelco Seeks Stake in India's S-Tel

Bahrain-based Batelco will acquire a 49% equity stake in S-Tel, a GSM operator based in Chennai, India, for $225 million. S-Tel has licenses to operate in six circles in Bihar, Orissa, Jammu & Kashmir, Himachal Pradesh, North East and Assam.

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