Hits Telecom eyes two acquisitions in 2012

21 Dec 2011

Hits Telecom reportedly plans to make two acquisitions during the first half of 2012, reports Bloomberg. According to the Kuwait-based company’s CEO Par Eriksson, Hits will ‘definitely announce an acquisition in a country in Africa’ during the first quarter, and then may announce a second acquisition in another country during the second quarter. Eriksson gave no further details. Hits Telecom currently has subsidiaries in Saudi Arabia, Spain, Liberia, Equatorial Guinea, Democratic Republic of Congo, Yemen, Uganda, Burundi and Tanzania.