Meysan Partners represented Kalaam Telecommunications, Bahrain’s leading technology solutions provider, in the purchase of 100% share capital of Zajil International Telecom Co. (KSCC), one of Kuwait’s longest-established ISP and ICT services companies, with the aim of creating 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$100 million, with data centers 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.
“Kalaam has grown rapidly, from a privately-owned local operator to become a regional telecom leader serving a broad base of enterprise, wholesale and channel customers. 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,” said Veer Passi, CEO of Kalaam Telecom.
The Meysan team, led by partners Bader El-Jeaan, Tarek Yehya, and Zainab Aziz, advised on all legal aspects of the transaction, starting from the negotiation phase until completion and deal closure. The transaction was subject to compliance and regulatory approvals, including the Communication and Information Technology Regulatory Authority in Kuwait and other regulatory bodies.
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