Kuwaiti broadband provider FastTelco has confirmed that it has signed a capacity purchase agreement with Gulf Bridge International (GBI), the regional submarine cable network funded by a number of Gulf state sovereign wealth funds. According to GBI, the agreement will help FastTelco to expand its operations in both the Kuwaiti market and beyond local borders. Trade Arabia reports that this contract is one of a number of advance sales secured by GBI and its first in Kuwait. As per the deal GBI will provide FastTelco with connectivity on routes both within the Gulf and onward to Europe. Although GBI has yet to launch operations, it classifies its ‘ready for service’ date as ‘fast approaching’.
Abdul-Wahab Al-Naqeeb, CEO of FastTelco, commented: ‘Since its establishment in 2001, FastTelco’s strategy has always been focused on remaining on the cutting edge of technology and providing practical solutions to its customers. Our aim is to differentiate ourselves among all local operators and further expand our operations beyond Kuwaiti borders’. When lit, GBI will offer connectivity to hubs in destinations such as Milan and Mumbai, thus eliminating the need for clients to interact with third parties.