Batelco increases stake in Kuwait’s Qualitynet to 90%

20 Feb 2014

Bahrain Telecommunications (Batelco) will take majority control of Kuwaiti internet service provider (ISP) Qualitynet after agreeing to double its stake in the company. According to a company press release, Batelco will acquire a 46% stake in the Kuwaiti company from Ali al-Ghanim & Sons for an undisclosed sum, thus upping its share to 90%. The deal is expected to be completed in March 2014.

According to TeleGeography’s GlobalComms Database, as of December 2013 Qualitynet was owned by Batelco (44%), Ali al-Ghanim & Sons General Trading (46%) and the National Bank of Kuwait (10%).

Kuwait, Bahrain Telecommunications Company (Batelco), Qualitynet