Bahrain’s Batelco wins $211.1m from Indian partner

Dubai: A British court has ruled in Batelco’s favour, ordering the Bahraini telecom operator’s former Indian partner to pay it $211.1 million (Dh775.3 million) for failing to fulfil a previous agreement, a statement to Manama’s bourse said on Monday. Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.5 million it paid Chennai-based Siva for a 43 per cent stake in Indian operator S Tel in 2009, plus $10.3 million and a further $30,000 a day.