Wireless Federation

Kuwait’s all new operator VIVA has raised 25 million Kuwaiti dinars ($93.6 million) from an IPO, selling off it’s 250 shares, of half its capital which was 2.4 times oversubscribed.
The company has, reportedly, received offers worth 88.54 million dinars ($331.5 million).
Wireless Mobile Telecom Wireless News

According to a local media report Kuwait Telecom Company (KTC) has announced its wireless brand name ‘Viva’ and said that it will start commercial operations by the end of 2008. CEO of Viva’s parent Saudi Telecom Company (STC), Saud Bin Majed Al-Duwaish said that Viva would spare no effort to keep pace with the fast-developing world of telecommunications technology to bring its clients the latest innovations. According to Viva CEO Najeeb Al-Awadi, it was not easy to be the third mobile company to enter the Kuwaiti market.

Wireless Mobile Telecom Wireless News

Kuwait Telecom inaugrates it’s commercial brand, Viva, representing transparency and commitment towards it’s subscribers. The new brand will offer advanced and integrated subscriber services, as it launches in Kuwaiti mobile market. According Mr. Al-Duwaish, CEO STC, Viva will add a value to the Kuwaiti mobile market through it’s diversified service.

Wireless Mobile Telecom Wireless News

Novator and Viva Ventures have signed an agreement to sell Viva’s 65 percent stake in Bulgarian Telecommunications (BTC) to AIG Global Investment Group. Novator has the option to buy all the shares in Viva. The transfer of the BTC shares to AIG Global will occur on of after 11 June when restrictions, defined in the privatisation agreement from 2004 regarding Viva’s sale of shares in BTC, have been lifted. The acquisition price is BGN 11.25 per share, equal to a total of BGN 2.11 billion for the 65 percent stake. After closing of the acquisition and in compliance with Bulgarian legislation, AIG will launch a tender offer for the remaining BTC shares