Batelco Circles Monaco and Islands27 Sep 2012 17:55
"Batelco has been keen to do a deal for a while now to address falling home revenue. A potential deal to buy CWC assets should give them presence in markets they are not in currently."
Monaco & Islands operates in 12 markets, including the Maldives, Seychelles and Falkland Islands, and offers fixed-line, mobile, broadband and television services. Its (Euronext: ALITS.NX - news) brands include Monaco Telecom, Dhiraagu in the Maldives, and Sure in Britain's Channel Islands and Isle of Man (Other OTC: MAGOF.PK - news) .
The hope is that a sale would re-value CWC in the eyes of analysts, as well as put cash in hand.