Bahrain’s Batelco to Spend $2.7 on Internet Services Upgrade
Bahrain Telecommunications Company (Batelco) said on Tuesday it would invest 1 million dinars ($2.7 million) to upgrade its Internet services.
The Gulf Arab state's sole Internet service provider said in a statement cited by Reuters that the upgrade was aimed at enhancing services to existing customers and allowing new connections.
Batelco is 39 percent owned by the Bahraini government and 20 percent owned by Cable and Wireless of Britain. The rest is traded on the Bahrain Stock Exchange.
The company’s activities are not limited to the local market, but also extend overseas through participation in key investment initiatives for developing regional and international telecommunications between GCC states and other countries, says its website.
“We continuously seek to develop new growth opportunities in the exciting field of multimedia and telecommunications. Today, we have joint ventures in Bahrain, Kuwait, Saudi Arabia, Jordan and Egypt for the provision of Internet access and data communications services.” – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
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