Regulator CICRA approves Cable and Wireless Bahrain deal

Related Stories

The sale of Cable and Wireless' Monaco and Islands division to has been provisionally approved.

Regulatory body CICRA said the sale of the company's Channel Islands firms to Batelco could go ahead, as long as certain conditions were met.

Andrew Riseley, chief executive of CICRA, said a full investigation in to the proposed takeover had taken place.

Opinions on the approval are being accepted, ahead of the proposed finalisation of the deal during March.

Cable and Wireless operates landlines, mobile telephone lines and broadband connections in the Bailiwicks of Jersey and Guernsey.

Batelco - Bahrain Telecommunications Company - will have to meet conditions involving local resources and the availability of information for the deal to go ahead.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey


Guernsey Airport

5 °C 4 °C


Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.