Bahrains Kalaam Telecom has acquired Zajil International Telecom Co. (KSCC), one of Kuwaits longest-established ISP and ICT services companies, to create a regional powerhouse which will drive digital transformation in the GCC region and beyond.
The acquisition will create a combined entity with revenue of US$100m, with data centres in five countries, network Point of Presence (PoPs) in 25 countries, and a subsea and land cable network that connects three continents. Kalaam will be among the top three ISPs in the GCC and will be the only operator with an ISP licence for Bahrain, Kuwait and Saudi Arabia.
Commenting on the acquisition, Nezar Al Saie, Chairman of Kalaam Telecom, said: Kalaams acquisition of Zajil Telecom is a testament to our ambitious, resilient growth strategy. Despite the economic challenges that hit the world and our region, Kalaam has sustained its robust organic and acquisition-led expansion plans. We are delighted to acquire Zajil, which is hailed as the leading ISP in Kuwait with a solid customer portfolio, encompassing some of the most prominent enterprises and government institutions. We are also proud of the expansion of Kalaam Telecom shareholders, with the addition of some of the most prominent businessmen in the Gulf region. The acquisition empowers Kalaam to become one of the three largest independent ISPs in the Middle East, and the only one with a regional presence in different countries. This acquisition is underpinned by our continuous efforts to strengthen our innovative enterprise solutions by investing heavily in cementing our regional digital infrastructure. With the integration of Zajil Telecom into our wider group, Kalaam is boosting its reliable, premium offering of disruptive industry technologies to its current and prospect customers.”
Veer Passi, CEO, Kalaam Telecom, added: The acquisition of Zajil empowers Kalaam Group to become a full-stack one-stop, end-to-end solutions provider of choice for the local & regional enterprise market and the international wholesale business. Kalaam has impressively evolved from being a pure ISP to become a 360-degree digital solutions provider, building a full-stack Industry customised ecosystem of ICT solutions, including Cloud, Security, Data Center, IoT, AI and Unified communications for its customers. With its terrestrial fibre cable system, KNOT (which spans 1,400 km across GCC), and Zajils consortium ownership in EIG (Europe India Gateway, a 15,000 km international fibre optic submarine cable system that links 12 countries across three continents, the combined group will be able to offer redundant, secure and fast access to its Enterprise & Wholesale customers, for reaching their applications, data, workloads and other services on the Cloud or for connecting their regional and international branches. The combined network will provide a footprint in 25 countries in MENA, Europe, the US and Asia with 53 fully owned Point of Presence (PoPs) to deliver all the product lines, and industry-specific solutions for the banking, oil & gas, retail, telecoms and transportation sectors.
Mohammad Al-Tuwaijri, Chairman, Zajil Telecom, remarked: Kalaam Telecom will be uniquely positioned with the acquisition of Zajil as the clear market leader, expanding its enterprise solutions across the MENA region, Europe, US and Asia. The combination of services and infrastructure brought together by the Zajil and Kalaam Telecom merger will result in the delivery of more advanced and industry-specific solutions for local, regional and international corporates, businesses and individual customers alike.
Rabih I. Khoury, Managing Partner of MEVP, stated: This acquisition is consistent with Kalaams history of adding to its portfolio high-quality companies and consolidating regional ISPs into one strong, efficient, scalable and, profitable platform. Kalaams two-pronged growth strategy of organic and acquisition-led expansion has enabled it to build a unique regional telecom platform focusing on the regionally underserved enterprise market. This successful strategy has created significant value for all its stakeholders.”
Javier Alvarez, Co-Founder & Managing Director of Delta Partners, said: Corporate customers today require innovative solutions that attend to their continuously evolving business needs, which is where a focused telecom solution provider such as Kalaam comes into play to respond quickly to enterprises with a fully tailored approach. Kalaams presence in multiple countries makes it uniquely situated to be the one-stop digital solutions provider and a preferred partner to regional and international customers.
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Source: Broadcastpro ME
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