The first was a 4.7-magnitude quake, followed by a 4.2-magnitude tremor
Batelco will buy 46 per cent of Qualitynet from Ali Al Ghanim & Sons for an undisclosed fee, raising the Bahraini firm’s holding to 90 per cent from 44 per cent previously. The deal will likely be concluded in March, a company statement said.
Kuwait’s Ministry of Communications ultimately owns and operates the country’s fixed-line infrastructure, with about four major Internet service providers including Qualitynet paying the government to use it. Qualitynet’s 2013 revenue was 31.3 million dinars ($83.0 million), down 8.9 per cent from 2012, which provided Batelco with a profit of 2.41 million dinars, the latter’s annual report shows. As of September 2012, Qualitynet claimed a 45 per cent share of Kuwait’s fixed-line Internet market, which operates largely on a copper-based network.
The first was a 4.7-magnitude quake, followed by a 4.2-magnitude tremor
After rescue teams administered first aid, he was transported to the hospital
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