Ooredoo Kuwait’s purchase of 99 percent of Internet Service
Provider FASTtelco’s shares for approximately $36.3 million is complete.
The member of the
international Ooredoo Group will continue to operate separately from FASTtelco for
the immediate future.
“This deal is a huge achievement for Ooredoo Kuwait and
FASTtelco,” Ooredoo CEO Mohammed Al Thani said. “Both
companies will work hand in hand to deliver the highest-quality products and
services to consumers and businesses. We will continue to innovate and invest
in our portfolio to create unique offerings in the Kuwaiti market to meet the
needs of our consumers. Our focus will be on exceptional service delivery to
ensure that we continue to meet our goal of enhancing people's lives through the
strengths of both companies.”
The merger will provide customers with better service, including bundling packages that combine high-speed mobile internet and voice,
fixed broadband, gaming and data center services for business and residential
consumers. In addition, customers will be pleased with the increased service
delivery thanks to improved infrastructure.
Together, the two companies
will collaborate in marketing new products and services to showcase the unique
customer experience offered through the collaboration.
FASTtelco and Ooredoo Kuwait will concentrate on a
dependable and cost-effective fiber broadband solution for customers by
utilizing Ooredoo’s inclusive nationwide wireless network. Speed and
consistency of services will greatly improve with the companies' working
together.
Ooredoo outlets and official retailers can offer more information
about the new packages and services.
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