Batelco by Beyon: Company Profile

Background

Overview

Batelco by Beyon is Bahrain's leading telecommunications and digital services provider, offering a comprehensive range of services including fixed and mobile telecommunications, internet connectivity, cloud services, and data center solutions. Established in 1981, Batelco has been instrumental in connecting Bahrain to the global digital landscape. In December 2022, the company rebranded as Beyon, reflecting its expanded focus on technology and non-telecom services.

Mission and Vision

Batelco by Beyon is committed to accelerating the digital future for better lives and strengthening businesses. The company aims to be synonymous with innovation and digital efficiency, not only in Bahrain but across the region and beyond.

Primary Area of Focus

The company focuses on providing innovative telecommunications and digital services that connect and empower people, enable businesses, and enrich society. Its services cater to enterprise, consumer, government, and global markets, ensuring comprehensive connectivity solutions.

Industry Significance

As the principal telecommunications company in Bahrain, Batelco by Beyon plays a pivotal role in the country's digital transformation. Its extensive infrastructure and diverse service offerings make it a cornerstone of Bahrain's communication and information technology sector.

Key Strategic Focus

Core Objectives

Digital Transformation: Accelerate Bahrain's digital future by expanding digital infrastructure and services.

Innovation: Introduce cutting-edge technologies and services to meet evolving customer needs.

Sustainability: Implement eco-friendly practices and solutions to contribute to a sustainable future.

Specific Areas of Specialization

Telecommunications: Providing reliable fixed and mobile communication services.

Cloud Services: Offering scalable and secure cloud solutions for businesses.

Data Centers: Developing state-of-the-art data centers to support digital infrastructure.

Financial Services: Expanding into fintech with services like Beyon Money, a digital financial super app.

Key Technologies Utilized

5G Networks: First in Bahrain to launch commercial 5G services, providing faster and more reliable connectivity.

Cloud Computing: Deploying advanced cloud solutions to support business operations.

Data Center Infrastructure: Building high-capacity data centers to meet growing digital demands.

Fintech Solutions: Developing digital financial services to enhance customer experience.

Primary Markets Targeted

Enterprise Sector: Providing tailored solutions for businesses of all sizes.

Consumer Market: Offering a range of services to individual customers.

Government Entities: Collaborating on projects to enhance public sector digital capabilities.

Global Markets: Expanding services to international customers through global connectivity solutions.

Financials and Funding

Funding History

Batelco by Beyon has undergone significant transformation, including a rebranding in December 2022 to reflect its expanded focus on technology and non-telecom services. The company has diversified its operations to include digital service companies such as Beyon Money (fintech), Beyon Solutions (ICT infrastructure and services), Beyon Cyber (cyber security), and Beyon Connect (IT solutions).

Total Funds Raised

Specific details regarding the total funds raised by Batelco by Beyon are not publicly disclosed.

Recent Funding Rounds

Information about recent funding rounds is not publicly available.

Notable Investors

Batelco by Beyon is a publicly listed company on the Bahrain Bourse, with major shareholders including Orascom Investment Holding (60%) and the Government of Bahrain (through Mumtalakat Holding Company, Amber Holding Company, and Social Insurance Organisation; 40%).

Intended Utilization of Capital

The capital raised is intended to support the company's expansion into digital services, infrastructure development, and international growth initiatives.

Pipeline Development

Key Pipeline Candidates

Beyon Money: A digital financial super app offering services such as Visa Prepaid Cards, stored value wallets, open banking connectivity, expense categorization, financial insights, and fully digital remittances.

Beyon Solutions: Provides ICT infrastructure and services, including system integration solutions to businesses of all sizes.

Beyon Cyber: Offers advanced end-to-end cyber-security solutions, including managed services and advisory to organizations across Bahrain and beyond.

Beyon Connect: Delivers new technologies with great innovation potential, Software-as-a-Service platforms, and advanced IT solutions to both the public and private sectors in the MENA region.

Stages of Development

Beyon Money: Launched in December 2021, with over 20,000 active subscribers and more than BD20 million in card transactions.

Beyon Solutions, Beyon Cyber, and Beyon Connect: Launched in January 2022, these companies are in the early stages of development, focusing on establishing their market presence and expanding their service offerings.

Target Conditions

The pipeline candidates aim to address the evolving needs of businesses and consumers in Bahrain and the MENA region, focusing on digital financial services, ICT infrastructure, cyber security, and innovative IT solutions.

Relevant Timelines

Beyon Money: Launched in December 2021, with ongoing enhancements and service expansions.

Beyon Solutions, Beyon Cyber, and Beyon Connect: Launched in January 2022, with plans for service rollouts and market penetration in the coming years.

Technological Platform and Innovation

Proprietary Technologies

B Spectrum Service: An innovative service designed to transform data connectivity across Bahrain and the broader Middle East, providing customers with enhanced flexibility and scalability in their network infrastructure.

Significant Scientific Methods

Robotic Process Automation (RPA): Implemented as part of the company's internal digital transformation to automate manual activities, rule-based processes, and repetitive tasks, enhancing customer experience.

Leadership Team

Key Executives

Shaikh Abdulla bin Khalifa Al Khalifa: Chairman of Beyon and Batelco.

Andrew Kvaalseth: Chief Executive Officer of Batelco by Beyon.

Hani Askar: Chief Global Business Officer of Batelco by Beyon.

Rashed Mohamed: Chief Technology Officer of Batelco by Beyon.

Professional Backgrounds and Contributions

Shaikh Abdulla bin Khalifa Al Khalifa: Oversees the strategic direction of Beyon and Batelco, guiding the company's expansion into digital services and international markets.

Andrew Kvaalseth: Leads Batelco by Beyon, focusing on operational excellence and growth initiatives.

Hani Askar: Drives global business strategies, including partnerships and international expansion.

Rashed Mohamed: Leads technological innovation and infrastructure development, ensuring the company's services meet global standards.

Leadership Changes

Specific details regarding recent significant changes or appointments within the company's leadership are not publicly available.

Competitor Profile

Market Insights and Dynamics

The telecommunications and digital services market in Bahrain is competitive, with several key players offering a range of services. The market is characterized by rapid technological advancements, increasing demand for digital services, and a strong focus on customer experience.

Competitor Analysis