Mubasher: Batelco has signed a share purchase agreement (SPA) with Kuwait Telecommunications Company (Viva) to sell its 90% share of its Kuwait subsidiary, QualityNet General Trading and Contracting Company.

Bahrain-based regional telecommunications group Batelco, with operations across 14 countries, said that the price consideration will be determined based on the completion of the full transfer of shares and fulfilment of the terms, conditions and covenants agreed between the parties in the SPA, according to a press release.

Moreover, the shares of QualityNet will be transferred to Viva after obtaining the necessary regulatory approvals in Kuwait.