Arab

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

09 Mar 2017

1.       On 6 March 2017, the Telecommunications Regulatory Authority (“the Authority”) received notification from VIVA Bahrain BSC (“VIVA”) of a proposed agreement with OSSIS Property Developers BSC (“OSSIS”) to acquire 100% of the common equity of Nuetel Communications SPC (“Nuetel”). 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: integrated telecommunications networks and services in Bahrain (owned by Saudi Telecommunications Company)

OSSIS: property development (53.75% owned by Meritas Holdings WLL)

Nuetel: telecommunications network and services in Amwaj Islands (100% owned by OSSIS)

 

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


VIVA:

Individual Licence for Mobile 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

 

Nuetel:

Individual Licence for National Fixed Services

Individual Licence for International Telecommunications Facilities

Individual Licence for International Telecommunications Services

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/0317/022 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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