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Protiviti cements position as M&A advisor in GCC with major telecom sector deal

Mount Equity Group Tokyo, Japan > News > Markets > Protiviti cements position as M&A advisor in GCC with major telecom sector deal

KUWAIT CITY, June 9, 2021 /PRNewswire/ — Kalaam Telecom, Bahrain’s leading technology solutions provider, announced the 100% acquisition of Zajil International Telecom Company, a prominent Kuwait-based Information and Communications Technology (ICT) service provider. Protiviti Member Firm for the Middle East Region (www.protiviti.com/KW-en) was the exclusive M&A advisor to Zajil on this transaction, which is estimated to be the largest ICT deal in the MENA region in the last three years.

“ICT is one of the most competitive spaces globally – and Protiviti enjoys a leadership position in this space. Our experience helped us tremendously in creating the right transaction strategy for Zajil to materialize this deal,” asserted Sanjeev Agarwal, CEO, Protiviti Member Firm for the Middle East Region.  “Over the last couple of years, most of the M&A deals – globally in general and MENA in particular, have been fueled not just out of a desire to expand the top line, but also to bring in digital transformation in a big way. This trend is going to accelerate. Telecom and ICT companies in GCC have to walk the tightrope between expanding into digital space, mitigating associated risks and unearthing new business value. Protiviti, as the trusted advisors to most of the