Batelco plans to start Indian operations in Q4’09

www.WirelessFederation.com/news: Batelco intends to start its Indian operations in Q4’09, in affiliation with S Tel. The company said in April its 2009 net profit would depend on whether it starts the operations in the fourth quarter or the first quarter of 2010.

“We have been working very closely with our partners and we are looking forward to the launch of full services from S Tel during quarter four this year,” Chief Executive Peter Kaliaropoulos said in the statement.
Kaliaropoulos said in April he expected full-year net profit to be above 90 million Bahraini dinars ($238.7 million) if its Indian affiliate started operations in the fourth quarter and booked start-up costs of about 9 million dinars.

He anticipates the profits to cross 100 million dinar if the operations in India start next year.