Arab

Prior Notification of a Transaction Under the Telecommunications Mergers and Acquisitions Regulation

21 Aug 2017

1. On 17 August 2017, the Telecommunications Regulatory Authority (“the Authority”) received notification from VIVA Bahrain BSC (“VIVA”) of a proposal for VIVA to acquire 100% of the common equity of Menatelecom WLL (“Mena”). VIVA provided the Authority with notification of the proposed transaction pursuant to Article 2 of the Telecommunications Mergers and Acquisitions Regulation (“the Regulation”).

 2.  The parties to the transaction are involved in the following activities:

VIVA: a licensed operator providing mobile and fixed telecommunications services in Bahrain. VIVA is a fully owned subsidiary of the Saudi Telecommunications Company (STC).

Mena: a licensed operator providing national fixed wireless telecommunications services in Bahrain. Mena is 99% owned by Kuwait Finance House (Bahrain) BSC and 1% owned by Baytik Investment One S.P.C.

 3. The parties to the transaction hold the following telecommunications licences:

VIVA:

Individual Licence for Mobile Telecommunications

Individual Licence for National Fixed Services

Individual Licence for International Telecommunications Services

Individual Licence for International Telecommunications Facilities

Class Licence for Internet Services

Class Licence for Value Added Services

 

Mena:

Individual Licence for National Fixed Wireless Telecommunications Services

Individual Licence for National Fixed Services

Individual Licence for International Telecommunications Services

Individual Licence for International Telecommunications Facilities

Class Licence for Internet Services

Class Licence for Value Added Services

 

 4. For clarity, the Authority considers that the proposal is a Qualifying Transaction as per Article 1 of the Regulation.  The Authority has yet to determine whether the transaction raises any serious doubts as to its compatibility with Article 4 of the Regulation.

 5. The Authority invites interested third parties to submit their comments on the proposed transaction to the Authority, along with supporting documentation and/or evidence (if any).

 6. Comments should be submitted to the Authority no later than fourteen (14) calendar days from the date of this announcement. Comments may be sent to the Authority with the reference number LAD/728  to the following address:

 

 

Mohamed Bubashait
General Director
Telecommunications Regulatory Authority
PO Box 10353
Kingdom of Bahrain
Fax: +973 17532125
Email: LAD@tra.org.bh

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