Viva Bahrain to acquire Mena Telecom

2 Jan 2018

Viva Bahrain, the Kingdom’s largest mobile network operator (MNO) by subscribers, has announced that it has reached an agreement with Kuwait Finance House (Bahrain) to acquire 100% of the shares of ISP Mena Telecom (Menatelecom). Commenting on the acquisition, Viva Bahrain CEO, Ulaiyan Al Wetaid said: ‘The acquisition will significantly enhance Viva’s position in both the consumer broadband and enterprise markets; it will help us complement our offering by leveraging the strong capabilities of Menatelecom in the broadband segment … The acquisition is in line with Viva’s growth strategy focusing on delivering innovative services, seamless connectivity and value-for-money. The acquisition will allow Viva to enhance key technical capabilities and foster further product and service innovation.’ The transaction is expected to be completed in early-January 2018.

Bahrain, Mena Telecom (Menatelecom), stc Bahrain (formerly Viva)