ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, advised by DLA Piper Middle East, has entered into a USD45 million agreement for the complete acquisition of BIOS Middle East, a regional managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia and Oman. The acquisition, subject to regulatory approvals, will […]
The National Telecom Regulatory Authority (NTRA) has accepted Telecom Egypt’s financial and technical offer to obtain an additional 5MHz of spectrum in the 1800MHz band using FDD technology. The 10-year spectrum allocation was competitively
Deal & transactions
TMT
United Arab Emirates
Zero&One signs a strategic collaboration agreement with AWS
Zero&One has recently signed a long-term regional partnership agreement with Amazon Web Services (“AWS”) to further their commitment to supporting clients across the MENA region in their transition to the cloud.
The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal
Global law firm Norton Rose Fulbright advised Zain Group in respect of Zain Iraq’s entry into a definite 15-year agreement to sell and leaseback the passive physical infrastructure of its 4,968 tower portfolio in Iraq
Deal & transactions
TMT
United Arab Emirates
Latham & Watkins advises on BioNTech’s acquisition of InstaDeep
Latham & Watkins has provided legal counsel to Chimera Abu Dhabi in the sale of its investment in InstaDeep, a global technology company in the field of artificial intelligence and machine learning, to BioNTech. The
Deal & transactions
TMT
United Arab Emirates
Matouk Bassiouny UAE: Beyon Cyber acquires into DTS Solution
DTS Solution (“DTS”) has signed an agreement for the sale of a majority stake to Beyon Cyber (“BC”), part of the Beyon Group, a cybersecurity provider in Bahrain. Established in 2011, DTS Solution is a
Etisalat Egypt by e& and The Sovereign Fund of Egypt (TSFE) have partnered together to launch the new company Erada Microfinance. Enabled by fin-tech, Erada is granted license allowing access to a diversified set
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings. Valued at
International law firm CMS has advised Oman Broadband Company, wholly owned by the Government of the Sultanate of Oman, on a major new financing deal using a hybrid facility (with conventional and Shariah-compliant tranches) and
