UK court to hear Batelco's $185 mn case against India partner C Sivasankaran

Nov 26 2013, 17:30 IST
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Batelco claims it had an option potentially allowing it to sell its S Tel stake back to Siva, court documents show. Reuters Batelco claims it had an option potentially allowing it to sell its S Tel stake back to Siva, court documents show. Reuters
SummaryBatelco and Etisalat in 2008 bought 45 pct of Swan Telecom, later renamed Etisalat DB.

2011, is still trying to extricate itself from India and was in court in Mumbai this month to wind up its affiliate, according to local press reports.

Etisalat also took an impairment of 2.37 billion dirhams against its Pakistani unit in 2012.

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