Kalaam Telecom acquires Lightspeed
16 April 2014 |
Alternative Bahraini operator Kalaam Telecom is reported to have acquired Lightspeed Communications, a subsidiary of Jordan Telecommunications.
The move is said to make Kalaam the second largest internet service provider for fixed business broadband in Bahrain, and marks the first M&A transaction in the kingdom’s telecoms history.
Financial details of the deal have not been disclosed.