National Mobile Telecommunications Company K.S.C.P. (KWSE:OOREDOO) acquired 99% stake in Fast Telecommunication Co. W.L.L. from Al-Deera Holding Company K.P.S.C. (KWSE:ALDEERA) and others for KWD 11 million on March 30, 2016. Ooredoo and Fast Telecommunication are continuing work to obtain necessary approvals from the regulators. Fast Telecommunication reported total assets of KWD 15.04 million and revenue of KWD 12.3 million for the year ended December 31, 2015.

National Mobile Telecommunications Company K.S.C.P. (KWSE:OOREDOO) completed the acquisition of 99% stake in Fast Telecommunication Co. W.L.L. from Al-Deera Holding Company K.P.S.C. (KWSE:ALDEERA) and others on March 30, 2016.