Seychelles says no to Batelco’s bid to acquire CWS business

Batelco Group, the regional telecommunications operator headquartered in Bahrain, on Monday confirmed that its plan to acquire Cable & Wireless (Seychelles) (CWS) business has not received regulatory approval.

Batelco’s Group Chairman Shaikh Hamad bin Abdulla Al Khalifa said that required approvals had not been provided by the Government of Seychelles to proceed with the acquisition.

“We will continue to focus on developing our current businesses including the companies acquired in April 2013. We are already seeing positive results and look forward to promising results in the future.”