Bahrain Telecommunications Co BTEL.BH (Batelco) said on Sunday it would buy 49 percent of Indian mobile telephone operator S Tel Ltd for $225 million, the latest in a string of recent acquisitions by Gulf operators. Batelco said it was partnering with Millennium Private Equity to acquire the stake in S Tel as it makes its first foray outside of the Middle East, where it operates in six countries. Last week, Emirates Telecommunications Corp ETEL.AD (Etisalat) said it was heading a consortium investing at least $1 billion to build a new mobile telephone network in Iran, and was in talks on an acquisition in Iraq. Qatar Telecommunications Co QTEL.QA said on Saturday it would begin tender offers for shares of Indonesia's PT Indosat to boost its stake to 65 percent, while Saudi Telecom Co 7010.SE said last week it was the sole bidder for Bahrain's third mobile phone licence. […]