Qatar Telecom’s recent purchase of 48% of Wataniya Telecom it di not own has solidified its position as the leading telecom company in the Middle East. The $2.2 billion purchase is now part of the government-backed company’s other recent acquisitions, notably in Europe.
Many Gulf nations have changed tactics and are investing their gas dollars at home, or within the region. Qatar Telecom has led the fore, but its small population in comparison to neighboring Arab countries has allowed it to spend on both domestic and international acquisitions. This deals are rejuvenating the region, which has faced several political and economic crises the past year. The purchase of Kuwait’s largest telecom company is expected to bring a resurgence to the telecommunications industry.
In other news, US-based LightPointe Communications is turning its attention to the India after focusing its mobile backhaul services in North America and Europe. VP for Sales, John Taylor, noted how India’s population, the second largest in the world, is now clamoring for faster connection services through wireless backhaul.