Kuwait Telecommunications Company (VIVA) announced that it has signed a final agreement to buy and sell shares with Batelco Middle East, Bahrain Telecommunications Company and the National Bank of Kuwait to purchase the entire capital of Qualitynet General Trading and Contracting.

Viva said in a statement to the Kuwaiti Stock Exchange yesterday, Tuesday, that the purchase price will be estimated when the process of transferring the property completely to Viva ends, provided that certain conditions have been agreed upon between Parties to the agreement.

The company explained that the ownership will be transferred to Viva after obtaining the approval of the regulatory authorities, stating that there is no impact at the present time on the financial position of the company until the deal price is determined Through the process of transferring ownership.

Qualitynet, is a Kuwaiti company founded in the year 1998, and it provides integrated solutions in the field of informatics and the first internet provider in Kuwait.

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