Ooredoo Kuwait finalises FASTtelco takeover

20 Oct 2016

Ooredoo Kuwait (Wataniya Telecom) has finalised the acquisition of 99% of ISP FAST Telecommunication Company (FASTtelco) for a total of KWD11 million (USD36 million). Following the transaction, Ooredoo and FASTtelco will continue to co-exist as separate legal entities, though customers will benefit from new products and services as well as from increased service delivery due to improved infrastructure.

As previously reported by TeleGeography’s CommsUpdate, Qatari telecoms group Ooredoo agreed to acquire FASTtelco via its Oordeoo Kuwait unit in March 2016. FASTtelco was licensed in 1999 and launched local and international data services in August 2002 over its nationwide fibre-optic network. The company offers DSL and GPON fibre-based services to residential users and a full portfolio of data offerings for corporate clients.

Kuwait , FAST Telecommunication Company (FASTtelco), Ooredoo Group, Ooredoo Kuwait



Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.