By Frederik Richter
Bahrain Telecoms boss says making a buyout abroad is going to be 'a slow process'.
Bahrain Telecommunications (Batelco) sees full-year net profit to be below 100 million dinars ($265.3m), its chief executive said on Thursday.
"Below BD100m is the best I can offer now," said Chief Executive Peter Kaliaropoulos when asked how much full-year profit he expected for the full-year.
Speaking at a news conference in Manama, Kaliaropoulos said making an acquisition abroad was going to be "a slow process."
The operator has earmarked up to $2bn for an acquisition in Africa or southeast Asia to expand overseas after it bought a 49 percent stake in Indian mobile operator S Tel Ltd for $225m last year. (Reuters)