Batelco to buy 49% in Indian telecom firm for $225mn

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By  Frederik Richter Published  January 18, 2009

Bahrain Telecommunications (Batelco) said on Sunday it agreed to acquire a 49 percent stake in Indian mobile operator S Tel Ltd for $225 million.

Batelco said in a statement it partnered with Millenium Private Equity to purchase the stake in S Tel. It said the deal is expected to be completed during the first quarter. (Reuters)

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