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RCom drops Batelco for talks with Samena on Globalcom sale
2013-04-22 03:39:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) has confirmed it is in advanced talks with a Samena Capital-led consortium to sell its international subsidiary Reliance Globalcom. Samena is already conducting due dligence, and the companies aim to complete a deal by the end of May. RCom also said it is no longer in talks with Batelco on the possible sale of Globalcom. Bahrain-based Batelco said in March that it was in talks to acquire the international carrier. RCom is looking to sell the activities in order to reduce debt.
Tags: sale
talks
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batelco
Category:Telecommunications
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