Bahrain-based integrated telecommunications company Bahrain Telecommunications (Batelco) is planning to acquire a 49 per cent stake in S Tel Limited for $225 million.

Bahrain-based integrated telecommunications company Bahrain Telecommunications (Batelco) is planning to acquire a 49 per cent stake in S Tel Limited for $225 million. Batelco will partner with Millennium Private Equity, a Dubai Financial Services Authorityregulated entity, to form Batelco Millennium India Company Limited to purchase shares in S Tel. The deal is expected to be completed during January-March 2009. S Tel has telecom licences and start-up spectrum for 13 out of the 22 circles.