Ooredoo Kuwait acquires 99% of ISP FASTtelco for KWD11 million
Ooredoo Group’s [OORE.KW] subsidiary in Kuwait, Ooredoo Kuwait announced that it has successfully acquired 99% of internet service provider (ISP) FASTtelco for a total consideration of KWD11 million. This is still awaiting regulatory approval from the relevant authorities. This transaction should allow Ooredoo Kuwait to offer fixed broadband services to its business and residential customers. (Company disclosure)
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