CWC.L Share News (CWC)

LONDON, Dec 2 (Reuters) - Cable & Wireless Communications is considering options for its assets in the Seychellesafter Bahrain Telecommunications Co failed to secureapproval to buy the business by a set date.

"Cable & Wireless Communications has been notified that allnecessary approvals for the sale of its business in theSeychelles to Batelco Group have not been granted," it said.

"Accordingly, that disposal did not complete by thelong-stop date agreed with Batelco and CWC will be consideringits options for the Seychelles business."

The state-controlled buyer, known as Batelco, said a yearago it would buy CWC's Monaco and Islands division, which ownedstakes in telecom operators in 12 markets including theMaldives, Channel Islands and the Seychelles, providingfixed-line, mobile, broadband and television services.

Shares in the British group fell 1.9 percent on the news.