Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Batelco Is Debt Free With $286 Million in Cash, Bank Balances

Feb. 22 (Bloomberg) -- Bahrain Telecommunications Co., the state-controlled company known as Batelco, is debt-free and posted a 24 percent annual increase in cash and bank balances to $286.2 million as of Dec. 31, the company said in an e-mailed statement today.

Batelco reported a profit of 80 million dinars ($212 million) for 2011 on Jan. 23.

To contact the reporter on this story: Tamara Walid in Dubai via twalid@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.