MARKET MOVEMENT
Batelco signs agreement to
sell its Kuwait subsidiary
QualityNet
B
atelco, the regional telecommunications group with operations
across 14 countries, has announced it has signed a Share
Purchase Agreement (SPA) with the Kuwait Telecommunications
Company, also known as VIVA, to sell its 90% shareholding of its
Kuwait subsidiary, QualityNet General Trading and Contracting
Company W.L.L (QualityNet).
The price will be determined upon completion of the full transfer
of shares and fulfilment of the terms, conditions and covenants
agreed between the parties in the SPA. QualityNet’s shares will
be transferred to VIVA after obtaining the necessary regulatory
approvals in the State of Kuwait.
QualityNet describes itself as Kuwait’s number one ICT, Data,
Internet and Enterprise Services provider, serving both corporate and
residential customers. The company was established in 1998 and is
committed to the technological development of Kuwait and to serve
the interests of the nation.
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Deloitte and ServiceNow announce new strategic agreement to
accelerate enterprise Digital Transformation
D
eloitte and ServiceNow, a leading
enterprise cloud-based provider of digital
workflows, have signed a new strategic
agreement to accelerate organisations’
enterprise Digital Transformation.
Announced at ServiceNow’s Knowledge
2019 conference in Las Vegas, Deloitte
and ServiceNow plan to jointly develop,
coordinate and bring to market new
products, assets and solutions built on
the Now Platform to help clients deliver
seamless digital experiences across
the enterprise, improve workflows and
enhance productivity.
“We’re excited to take our relationship
with ServiceNow to a whole new level,”
said Janet Foutty, Chair and CEO, Deloitte
Consulting LLP.
“This collaboration will pair Deloitte’s
business process transformation,
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organisational change management and
technology implementation expertise
with ServiceNow’s platform to create new
enterprise solutions that help drive every part
of our clients’ Digital Transformation efforts.”
John Donahoe, ServiceNow President and
CEO, said: “Embracing cloud-based solutions
to deliver great experiences and unlock
productivity is a business imperative for every
organisation today. Together, Deloitte and
ServiceNow will help organisations accelerate
their Digital Transformation journey and
create business value at scale with innovative
enterprise products, assets and solutions.”
In addition to new technology offerings,
clients will have greater access to Deloitte’s
IP and accelerators – best practices to
deliver projects more efficiently – in an
effort to improve processes, revenue,
retention and productivity.
Deloitte and ServiceNow will help
organisations accelerate their Digital
Transformation journey.