Reliance confirms talks with Batelco

News Broadband India 15 MAR 2013
Reliance confirms talks with Batelco
India's Reliance Communications has confirmed it is in talks with Batelco on selling a stake in Reliance Globalcom, the company's enterprise business unit. Reliance warned that at this point, there can be no certainty that the talks will lead to a transaction and said that further announcements will be made in due course. Batelco also confirmed it's in discussions with Reliance Group with respect to Reliance Globalcom.

Categories:

Fixed

Companies:

Batelco,  Reliance Communications,  Reliance Globalcom

Countries:

India

Tags:

M&A buyouts & divestments

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