Bahrain Telecommunications Company acquires majority share in Dhiraagu

Bahrain Telecomunications Company (Batelco) has acquired the majority share of Dhivehi Raajjeyge Gulhun Public Limited (Dhiraagu), the largest telecommunications service provider in the Maldives, Dhiraagu announced Wednesday (April 3).

Previously, Cable & Wireless Communications (CWC), a British multinational telecommunications company, was the majority shareholder of Dhiraagu. Batelco purchased a majority of assets in Monaco & Islands Business Unit from CWC, resulting in its owning 52 percent of Dhiraagu shares.

Dhiraagu’s board of directors was altered following the purchase. The company’s leadership now includes Ibrahim Athif Shakoor as Chairperson and Government Director, and Ismail Waheed as CEO and Managing Director.