Batelco
Encyclopedia
Bahrain Telecommunications Company - (Batelco) - is the principal telecommunications company of Bahrain
. The company is headquartered in Bahrain and is listed on the Bahrain Stock Exchange
.
On 6 December 2006, Cable & Wireless International (CWI) sold its 20% stake in Batelco. The acquiring entities are Bahrain Mumtalakat Holding Co. B.S.C.(c), General Organization for Social Insurance (GOSI) and The Pension Fund Commission. All three are existing shareholders of Batelco, and have acquired CWI’s stake for an agreed purchase price of US$506.1 million.
Today, the Batelco Group of Companies serve both the consumer and corporate markets in Bahrain, the most liberalised and competitive environment in the Middle East and Africa region and, also delivers fixed and wireless telecommunication services to its customers in Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.
The Batelco Group of Companies includes the following operations, subsidiaries and joint ventures:
The Batelco Group’s Bahrain Operation, is the leading integrated communications’ provider in the Kingdom of Bahrain. The Batelco Group of Companies offer end-to-end telecommunication solution
s to its residential, business and government customers in Bahrain on Next Generation, all IP fixed and 3.5G wireless networks, MPLS based regional data solutions and, GSM mobile and WiMax broadband services across the countries in which it operates.
To view Batelco Group key personnel profiles follow the link .
To view Batelco Bahrain key personnel profiles follow the link.
2001, Batelco Jordan was formed following the merger of National Equipment Telecommunications Systems (NETS) and First Telecommunications Group (FTG) with Batelco.
October 2003, Batelco Egypt Communications (S.A.E.) was established as a wholly owned subsidiary of Batelco Middle East, in Cairo as an Egyptian Joint Stock Closed Company.
June 2006 - Batelco purchases 96% share of Umniah Mobile Communications – Jordan.
March 2007, Batelco purchased a 20% stake in Yemens' SabaFon mobile communications company, for USD 144 million in cash.
February 25, 2008, consortiums led by Batelco, Hong Kong's PCCW and U.S. Verizon Communications won final approval to operate new Saudi fixed-line phone network called Etihad Atheeb Telecom Company (ATHEEB). ATHEEB has since gone public in February 2009, offering 30 million shares at SAR 10 per share (US$2.67) representing 30% of its capital in an IPO; which was 2.5 times oversubscribed. The IPO raised US$80 million.
February 2008, Batelco Group offers to purchase the remaining 20 percent shares not already held by the Group in Batelco Jordan, for a total consideration of JD2.126 million ($3m). Through its 96 percent-owned subsidiary Umniah Mobile Communications, Batelco made the offer to all Batelco Jordan shareholders, valuing the company at JD10.629 million.
January 2009, Batelco partnered with Millennium Private Equity to form Batelco Millennium India Company Limited (BMICL) to purchase 49% stake in Chennai based S Tel Limited, a recently established Indian mobile operator for US$225 million.
, Kuwait
, Yemen
, Egypt
and Saudi Arabia
.
Subsidiaries
Subsidiaries, Arabic Umniah Mobile Communications, Arabic Qualitynet, Arabic Atheeb, Arabic Sabafon Stel, Arabic BatelcoEgypt
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
. The company is headquartered in Bahrain and is listed on the Bahrain Stock Exchange
Bahrain Stock Exchange
The Bahrain Stock Exchange was established in 1987 by Amiri Decree No. and officially commenced operations on June 17, 1989, with 29 listed companies. Currently, there are 50 companies listed on the exchange...
.
Ownership
Batelco was established in 1981 as a Bahraini shareholding company and has an authorized share capital of BD100 million (US$265 million). Batelco's major shareholders include the Government of Bahrain, Quasi-government institutions, financial and commercial organizations, and private Bahraini and GCC investors. Earlier, these parties together held 80% of Batelco, while Cable and Wireless held the remaining 20%.On 6 December 2006, Cable & Wireless International (CWI) sold its 20% stake in Batelco. The acquiring entities are Bahrain Mumtalakat Holding Co. B.S.C.(c), General Organization for Social Insurance (GOSI) and The Pension Fund Commission. All three are existing shareholders of Batelco, and have acquired CWI’s stake for an agreed purchase price of US$506.1 million.
About Batelco
The Batelco Group comprises a number of telecommunication companies across the Middle East, Africa and South Asia regions. It is a listed entity on the Bahrain Stock Exchange since 1989, trading under the symbol Batelco and known as BATELCO (Bahrain Telecommunications Company). The origin of the Batelco Group and its core operations for many years were centred on serving the needs of the Bahrain public and organisations operating in Bahrain.Today, the Batelco Group of Companies serve both the consumer and corporate markets in Bahrain, the most liberalised and competitive environment in the Middle East and Africa region and, also delivers fixed and wireless telecommunication services to its customers in Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.
The Batelco Group of Companies includes the following operations, subsidiaries and joint ventures:
- Batelco Bahrain (100% owned by BSC)
- Batelco Egypt (100%)
- Umniah Jordan (96.0%)
- QualityNet Kuwait (44.0%)
- STel India (42.7%)
- Sabafon Yemen (26.9%)
- Atheeb Saudi Arabia (15.0%)
The Batelco Group’s Bahrain Operation, is the leading integrated communications’ provider in the Kingdom of Bahrain. The Batelco Group of Companies offer end-to-end telecommunication solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s to its residential, business and government customers in Bahrain on Next Generation, all IP fixed and 3.5G wireless networks, MPLS based regional data solutions and, GSM mobile and WiMax broadband services across the countries in which it operates.
Group executive management
- Group Chief Executive Officer: Mohamed Bin Isa Al-Khalifa
- Group Chief Executive Officer (Strategic Assignments): Peter Kaliaropoulos
- Group Chief Financial Officer: Kataryna Stapleton
- Group General Manager Human Resources & Development: Shaikh Ahmed Bin Khalifa Al Khalifa
- Group Board Secretary & GM Media Relations: Ahmed Al Janahi
- Group General Counsel: Bernadette Baynie
- Group Chief Internal Auditor: Ali Sharif
- Group Chief Information Officer: Hamid Husain
- Group General Manager, Strategic Projects: Haytham Fatayer
To view Batelco Group key personnel profiles follow the link .
Bahrain executive management
- Chief Executive Officer: Rashid Abdulla
- Chief Financial Officer: Dr. Ghassan Murad
- Chief Technical Officer: John Ford
- General Manager Consumer Division: Muna Al Hashemi
- General Manager Enterprise Division: Adel Daylami
- General Manager HR Bahrain: Suhaila Al Nowakhda
- General Manager Wholesale & Carrier Relations: Hamza Ali
- General Manager Strategic Initiatives: Saleh Tarradah
- General Manager Government Relations: Nadia Hussain
To view Batelco Bahrain key personnel profiles follow the link.
Employees
Batelco employs approximately 1,500 people in the Kingdom of Bahrain, of which over 90% are Bahraini nationals.Mergers and Acquisitions
In 1998, 44% of Qualitynet was acquired by Batelco in a public offering by Kuwait’s Ministry of Communication, as part of a strategy to privatise Internet and data communications services within the State of Kuwait.2001, Batelco Jordan was formed following the merger of National Equipment Telecommunications Systems (NETS) and First Telecommunications Group (FTG) with Batelco.
October 2003, Batelco Egypt Communications (S.A.E.) was established as a wholly owned subsidiary of Batelco Middle East, in Cairo as an Egyptian Joint Stock Closed Company.
June 2006 - Batelco purchases 96% share of Umniah Mobile Communications – Jordan.
March 2007, Batelco purchased a 20% stake in Yemens' SabaFon mobile communications company, for USD 144 million in cash.
February 25, 2008, consortiums led by Batelco, Hong Kong's PCCW and U.S. Verizon Communications won final approval to operate new Saudi fixed-line phone network called Etihad Atheeb Telecom Company (ATHEEB). ATHEEB has since gone public in February 2009, offering 30 million shares at SAR 10 per share (US$2.67) representing 30% of its capital in an IPO; which was 2.5 times oversubscribed. The IPO raised US$80 million.
February 2008, Batelco Group offers to purchase the remaining 20 percent shares not already held by the Group in Batelco Jordan, for a total consideration of JD2.126 million ($3m). Through its 96 percent-owned subsidiary Umniah Mobile Communications, Batelco made the offer to all Batelco Jordan shareholders, valuing the company at JD10.629 million.
January 2009, Batelco partnered with Millennium Private Equity to form Batelco Millennium India Company Limited (BMICL) to purchase 49% stake in Chennai based S Tel Limited, a recently established Indian mobile operator for US$225 million.
Subsidiary companies
As well as being Bahrain's principal telecom operator, the company serves customers in JordanJordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
, Kuwait
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...
, Yemen
Yemen
The Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
, Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
and Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
.
Subsidiaries
- Jordan - Umniah Mobile CommunicationsUmniahUmniah is a mobile cellular telecommunication network in Jordan. It is the fourth GSM cellular phone service set up in Jordan.Umniah was granted the third GSM license in August 2004 issued by the Telecommunications Regulatory Commission to operate, manage and own a public digital cellular mobile...
- Kuwait - QualitynetQualitynetQualityNet is a data and Internet service provider operating in Kuwait. It was established in 1998, after the Ministry of Communication made it possible for private companies to provide data communication services...
- K.S.A - Etihad Atheeb Telecom Co. "GO"Etihad Atheeb Telecom Co. "GO"Etihad Atheeb Telecommunications Co. is the second fixed-line operator to acquire a license from the Communications and Information Technology Commission to provide fixed services including voice and broadband services in the kingdom of Saudi Arabia.-Background:Etihad Atheeb Telecom Co...
- Yemen - SabafonSabafonSabafon was the first GSM Network operator in Yemen, launched in February 2001.-Sabafon Logo and Slogan:Slogan: "سبأفونSABAFON ... همزة الوصل", meaning SABAFON.....
- India - S TelS TelS Tel Private Limited is a GSM based cellular operator in India. It has a unified services access license in Orissa, Bihar, Himachal Pradesh, North East, Assam and Jammu & Kashmir...
- Egypt - Batelco Egypt Communications SAE
External links
Principal siteSubsidiaries, Arabic Umniah Mobile Communications, Arabic Qualitynet, Arabic Atheeb, Arabic Sabafon Stel, Arabic BatelcoEgypt