Batelco
 |
|
| Bahraini Shareholding Company (B.S.C) | |
| Traded as | BHSE: BATELCO |
| Industry | Telecommunications |
| Founded | 1981 |
| Headquarters | Hamala, Bahrain |
|
Area served
|
Middle East, North Africa, Europe, Indian Ocean & South America |
|
Key people
|
|
| Services | Integrated Communications |
| Revenue |
 $987.8 million (2015)
|
|
$186.2 million (2015)
|
|
 $131.3 million (2015)
|
|
| Total assets |
$1.52 billion (2015)
|
| Subsidiaries | |
| Website | batelcogroup.com |
Bahrain Telecommunications Company (Batelco) (Arabic: بتلكو) is the principal telecommunications company in the Kingdom of Bahrain. The company is headquartered in Bahrain and is listed on the Bahrain Bourse. It provides services for mobiles through GSM 900 / GSM 1800 / GSM 2100 and LTE 1800 while its residential Internet is an ADSL, Wireless (3G/4G) or FTTH service.
Batelco was established in 1981 as a Bahraini Public Joint Stock Company and has an authorized share capital of BD200 million (US$531 million). Batelco's major shareholders include Government of Bahrain entities (Mumtalakat Holding Company, Amber Holding Company and Social Insurance Organisation), various financial and commercial organizations, and private Bahraini, Gulf Cooperation Council countries (GCC) and international investors.
The Batelco Group of Companies includes the following operations, subsidiaries and joint ventures:
The Batelco Group has evolved to become a major communications company with direct and indirect investments across 14 geographies.
Batelco employs approximately 1,300 people in the Kingdom of Bahrain, of which over 90% are Bahraini nationals.
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.
...
Wikipedia