Post by Mark
I just received an internal Fasstelco memo (which I can’t share) announcing that Ooredoo will be purchasing 100% of their shares. The memo doesn’t go into much detail on what will become of Fasttelco, if they will continue to be run as a separate entity and keep their brand or if they’ll be merged under Ooredoo which is what I think will most likely happen.
Ooredoo customers are probably going to benefit the most out of this since to my understanding all the telecom operators get their internet from the internet providers. By becoming an internet provider themselves, they can reduce their costs or offer more speed and bandwidth for the same price. Ooredoo just became a lot more interesting.