Al-Deera takes FASTtelco stake

The Kuwaiti investment group Al-Deera International Communication Company has acquired a 39% stake in local internet service provider FASTtelco. The ISP specialises in providing turnkey internet, local and international data communication solutions, as well as local and international termination services for foreign carriers. Al-Deera paid KWD6.240 (USD22.74) per share for its FASTtelco stake.