SAMENA Daily News

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Kalaam Telecom acquires top Kuwaiti ICT group

Kalaam Telecom, one of the largest telecom service providers for the enterprise market in Bahrain, announced its acquisition of Tawasul Telecom, a Kuwait-based Information and Communication Technology solutions provider.

A leading provider of a wide range of solutions and services, Tawasul has a strong network presence in the Middle East, UK and Singapore and offices in 5 major countries.

Kalaam’s officials announced that they acquired 100 per cent stake in Tawasul Telecom.

The acquisition of Tawasul will further strengthen Kalaam’s position in the GCC and international market; thereby expanding its customers base geographically in the GCC and globally.

This is the third acquisition for Kalaam over the past four years.

Kalaam Telecom is the first alternative telecom service provider that emerged following the liberalization of the telecom sector in Bahrain to successfully compete outside of its home market.

In a bid to meet increasing demand for ICT solutions and services, the company devised ecosystem that provides businesses a comprehensive range of telecom and managed ICT solutions for its clients’ needs.

Kalaam’s expertise and reach has allowed businesses to significantly reduce costs, increase productivity and improve overall efficiency, said a top official.

Chairman Nezar Al Saie pointed out that the acquisition was a major milestone, a transformational step for Kalaam Telecom. "Acquiring Tawasul is in line with our company’s vision of expanding regionally and internationally to further support the fast-growing telecom and ICT sector," he noted.

CEO Veer Passi said: "Most enterprises today, are looking for a single solutions provider to meet all their communication needs. With this acquisition, we will be equipped to meet those demands and will enable us to offer our customers easy-to-procure, fast and pan-GCC solutions over a single agreement."

"Our customers look to us for expertise, innovation, and managed services. We try to deliver on these expectations every time," he added.



Source: http://www.tradearabia.com/news/IT_340485.html