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Article: Flying the nest: after dealing with the advent of competition at home, Batelco is gearing up for overseas expansion.(BAHRAIN)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- February 10, 2006
CopyrightCOPYRIGHT 2006 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bahrain Telecommunications Company (Batelco) in late January announced record revenues and profits for 2005. The results were a vindication of the operator's successful transition from monopolist to competitor across the full range of telecoms services. Now, having consolidated its position at home, Batelco is eyeing foreign shores.
"Over the past two-to-three years, our focus has been on consolidating our position within the kingdom--improving the brand and improving customer services," says Batelco chief executive officer (CEO) Peter Kaliaropoulos. "However, one of our most fundamental goals over the next 12-18 months will be expansion overseas, through ...