b.s.c traded as bhse batelco industry telecommunications founded 1981 1981 headquarters hamala bahrain area served middle east north africa europe indian ocean & south america key people hamad bin abdulla al khalifa chairman of the board services integrated communications revenue 987.8 million 2015 1 operating income 186.2 million 2015 1 net income 131.3 million 2015 1 total assets 1.52 billion 2015 1 subsidiaries list batelco bahrain umniah mobile communications qualitynet etihad atheeb telecom co. go sabafon batelco egypt sure south atlantic & diego garcia sure channel islands & isle of man dhiraagu website batelcogroup.com bahrain telecommunications company batelco arabic 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 . contents 1 ownership 2 subsidiaries affiliates and associates 3 employees 4 mergers and acquisitions 5 see also 6 references 7 external links ownership edit batelco hq in bahrain al hamala . 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 . subsidiaries affiliates and associates edit batelco network operations centre . the batelco group of companies includes the following operations subsidiaries and joint ventures batelco bahrain bahrain 100 % owned by bsc batelco egypt egypt 100 % sure channel islands & isle of man 100 % south atlantic & diego garcia 100 % umniah jordan 96.0 % dhiraagu maldives 52.0 % qualitynet kuwait 90.0 % sabafon yemen 26.9 % etihad atheeb saudi arabia 15.0 % the batelco group has evolved to become a major communications company with direct and indirect investments across 14 geographies . batelco earth station . employees edit batelco employs approximately 1 300 people in the kingdom of bahrain of which over 90 % are bahraini nationals . mergers and acquisitions edit 1998 44 % of qualitynet was acquired by batelco in a public offering by kuwait s ministry of communication as part of a strategy to privatise internet and data communications services within the state of kuwait . 2001 batelco jordan was formed following the merger of national equipment telecommunications systems nets and first telecommunications group ftg with batelco . 2003 batelco egypt communications s.a.e. was established as a wholly owned subsidiary of batelco middle east in cairo as an egyptian joint stock closed company . 2006 batelco purchases 96 % share of umniah mobile communications jordan . 2007 batelco purchased a 20 % stake in yemen s sabafon mobile communications company for usd 144 million in cash . 2008 consortiums led by batelco hong kong s pccw and u.s. verizon communications won final approval to operate a new saudi fixed line phone network called etihad atheeb telecom company atheeb . atheeb has since gone public in february 2009 offering 30 million shares at sar 10 per share us 2.67 representing 30 % of its capital in an ipo ; which was 2.5 times oversubscribed . the ipo raised us 80 million . 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 . 2009 batelco partnered with millennium private equity to form batelco millennium india company limited bmicl to purchase 49 % stake in chennai based s tel limited a recently established indian mobile operator for us 225 million . 2012 batelco announced its agreement for the sale of its shareholding 42.7 % equity in s tel private limited stel to its indian partner sky city foundation limited for bd 65.8 m us 174.5 m . 2013 batelco announced the acquisition of cable & wireless communications cwc interest in dhiraagu maldives sure channel islands and isle of man and cwc operations in falkland islands st helena ascension and diego garcia sadg . total consideration paid for these assets was 570m . 2014 batelco group completes acquisition of 46 % shareholding in quality net . see also edit telecommunications in bahrain references edit a b c d batelco group announces 2015 financial results . batelco.com . 2016 03 03 . retrieved 2016 03 03 . external links edit wikimedia commons has media related to batelco . official website retrieved from https en.wikipedia.org w index.php title batelco & oldid 733537965 categories 1981 establishments in bahraincompanies established in 1981telecommunications companies of bahrainhidden categories articles containing arabic language textcommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages espa ol edit links this page was last modified on 8 august 2016 at 14 15 . text is available under the creative commons attribution sharealike license ; 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