Font Size

- Aa +

Thu 22 Oct 2015 01:53 PM

Font Size

- Aa +

Bahrain's Batelco says assessing options for Jordan unit

Telecom company responds to report that it has hired Citigroup to manage potential sale of the company

Bahrain's Batelco says assessing options for Jordan unit

Bahrain Telecommunications is assessing options for its Jordanian unit Umniah, it said in a bourse statement on Thursday.

Bahrain's largest telecom company was responding to a Bloomberg report on Wednesday that it hired Citigroup to manage a potential sale of the company.

"Batelco continues to assess options for Umniah but has not decided any course or entered into any agreements in respect of any option," the bourse statement said.

For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.