Manama, Bahrain: Batelco Group (Ticker: BATELCO), the international telecommunications company with operations across 16 geographies, has been presented with the 'Deal of the Year' award at TMT Finance 2013 Middle East & North Africa Conference & Awards, held in Dubai on Tuesday 23rd April.
The award in the Deal of the Year category is presented for the outstanding telecom transaction, be it a merger, acquisition, IPO, debt funding or private placement, involving a telecom company in or from the Middle East North Region during 2012 - 2013. Deals were evaluated based on their size, impact and market outlook.
Batelco Group was presented with this coveted award for its acquisition of Cable & Wireless Communications (CWC), Monaco and Islands Division. Batelco Group recently completed the acquisition of CWC's interest in Dhiraagu in the Maldives, Sure in Channel Islands and Isle of Man and CWC's operations in Falkland Islands, St Helena, Ascension and Diego Garcia ("SADG"). Batelco also acquired 25% shareholding in Compagnie Monégasque de Communications SAM ("CMC"), which holds CWC's 55% interest in Monaco Telecom.
Batelco Group CEO Shaikh Mohamed bin Isa Al Khalifa said, "TMT Finance is very respected internationally due to its provision of specialist news, research and high end networking events for senior executives from the telecom and finance industry. We are therefore delighted and proud to be recognised by them for our Group's acquisition of CWC's M&I Division."
"We are also pleased that Batelco Group financial advisers on this acquisition, Houlihan Lokey, Citi and BNP Paribas were also recognised for their support."
TMT Finance Managing Director Dominic Lowndes said that Batelco was the natural choice for this years award due to the scale and opportunity presented by their CWC acquisition.
"Batelco Group has transformed from being essentially a Middle Eastern regional company to become a global enterprise with the scale and diversification of their operations increasing significantly from operating in 6 geographies to 16."
The Deal of the Year award was accepted by Batelco Group General Counsel Bernadette Baynie and Batelco Group Director Mergers & Acquisitions Ian Kelly, who represented Batelco on the occasion.
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About Batelco
Batelco Group, is headquartered in the Kingdom of Bahrain and listed on the Bahrain Bourse. Batelco has played a pivotal role in the country's development as a major communications hub and today is the leading integrated communications' provider, continuing to lead and shape the local consumer market and the enterprise ICT market. Batelco has been growing overseas via investing in other market-leading fixed and wireless operators.
Batelco Group has evolved from being a regional Middle Eastern operation to become a major communications company with direct and indirect investments across 16 geographies, namely Bahrain, Jordan, Kuwait, Saudi Arabia, Yemen, Egypt, Guernsey, Jersey, Isle of Man, Maldives, Diego Garcia, St. Helena, Ascension Islands, Falklands, Monaco and Afghanistan.
About TMT Finance Middle East North Africa 2013 Conference and Awards
Now in its 7th year, TMT Finance Middle East North Africa 2013 Conference and Awards is the premier gathering for regional leadership from the telecom, finance and advisory community to discuss international strategy. The conference uniquely brings together key financial and strategic decision makers from major telecom, technology and media companies, investors, investment bankers and professional advisers. Key session themes are: Global Telecom Leadership; The Future of TMT; M&A, JVs and Partnerships; CFO Strategies; Raising Finance; New Growth Opportunities; Policy and Regulation; Infrastructure Sharing, Broadband Investment, Innovation and Governance.
For more information or to register please visit www.tmtfinance.com/mena
This press release has been issued by Batelco Corporate Affairs department.
For further information, please contact Batelco Public Relations Office
Public.Relations@btc.com.bh / Fax +973 17611898
© Press Release 2013
