Kuwait-based telecommunications provider Hits Telecom plans to make two acquisitions in the first half of 2012, according to chief executive Par Eriksson. The CEO told Bloomberg Businessweek the company would announce an acquisition in Africa in the…
Kuwait-based telecommunications provider Hits Telecom plans to make two acquisitions in the first half of 2012, according to chief executive Par Eriksson. The CEO told Bloomberg Businessweek the company would announce an acquisition in Africa in the first quarter of next year and may announce a second acquisition in an undisclosed location in the second quarter.
He did not provide any further information on the matter.
Eriksson did add, however, that Hits Telecom may close another loan deal in early 2010 involving local and Asian banks.
On 5 December, the company announced it had entered into a US$43m loan Canadian deal with Swiss investment firm Global Emerging Markets.
As well as the Middle East, Hits has operations in Africa, America and Europe.
Hits Telecom was not immediately available for comment.
