022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 8 February 2012

Batelco To Sell STel Stake To Indian Partner

by Irfan Khan
Batelco To Sell STel Stake To Indian Partner
Share on Social Media Email Facebook Twitter Linkedin
 
@irfan
Batelco is selling it's 42.7% holding in S Tel to it's partner Sky City Foundation for $175Mn. The sale is expected to be completed by the fourth quarter of this year.

The company had acquired the 42.7% equity in STel via two transactions in May and June 2009 for a total of $174.5Mn.

S Tel Private Limited incorporated on June 19, 2007, is a JV between the Siva Group and Batelco Millenium India Company Ltd., a subsidiary of Bahrain Telecommunications Company. S Tel obtained Unified Access Services Licences to operate in the six Category 'C' circles of Orissa, Bihar, Himachal Pradesh, North-East, Assam and J&K in January 2008.

Indian Angel Network Invests In Gaming Startup - Gamiana

Indian Angel Network Invests In Gaming Startup - Gamiana

Indian Angel Network has invest about $1Mn in gaming startup Gamiana Digital Entertainment Pvt Ltd. IAN member Chetan Shah has joined the board of Gamiana.

Read More...

Oxigen Services Plans Fund Raise

Oxigen Services Plans Fund Raise

Oxigen Services, a payment solutions provider is looking to raise $200 Mn from private equity investors, strategic investors and development financial institutions and is expecting to close the deal of $50 Mn as part of the first tranche by the end of this year.

Read More...