Global telecommunication access made available to GCC based corporations and institutions thanks to Tawasul Telecomâ€™s Regional MPLS Network with worldwide reach.
Tawasul Telecom (K.S.C.C) a Kuwait based Company and a fully owned subsidiary of Gulf Investment Corporation, and National Technology Enterprises (NTEC) announced today the launch of its operation and the completion of its MPLS based network. The launch makes possible the provision of innovative cutting-edge data communication services to GCC based companies and multinational institutions within the region as well as in the Middle East and the North Africa regions.
The MPLS based Network which Tawasul Telecom is operating from its Kuwait based Network Operations Centre (NOC) using the latest networking technology from Cisco Systems.Â Furthermore, the capabilities of its own points of presence in each of the GCC countries will allow it to offer a wide range of data connectivity solutions for corporate and government bodies supported by the Companyâ€™s comprehensive value added services. The company is able today to provide connectivity services in over 80 countries with coverage spanning over five continents made possible by the Companyâ€™s strategic partnerships with major international telecommunication operators across the Globe.
â€œWith the launch of its regional MPLS Network and its operations, Tawasul Telecom has strengthened the role of Kuwait as an important telecommunications hub for the GCC and the East Mediterranean Basinâ€, said Hisham Abdulrazzaq Al-Razzuqi, CEO of Gulf Investment Corporation and Tawasul Telecom Chairman of the board of directors. Al-Razzuqi added: â€œThe Company is fulfilling one of the most important objectives of its establishment by arming regional businesses with the technological tools needed for growth both in terms of geographical coverage as well as efficiency of operationsâ€. The built platform provides the required technological catalyst for propelling GCC businesses to international markets.
Moreover, the services offered will enable GCC based companies as well as international corporations with presence in the region to benefit from the competitive advantage of acquiring a wide range of data communication services and worldwide access from a single operator.
During the short period since its inception, Tawasul Telecom successfully provided data connectivity services to a number of renowned regional corporations and international organizations.
Established in 1983, GIC is a regional financial institution owned entirely and equally by the six GCC states. GIC strives to provide a comprehensive range of financial services that support the development of private enterprise and economic growth in the Gulf region. GIC managed to achieve a number of major projects throughout GCC Countries all with diversified activities covering different sectors via, financial, petrochemical, steel, power, communications and others. GIC successfully maintained its distinguished presence as a financially powerful establishment with rewarding returns and enhanced capital base.
National Technology Enterprises Company â€œNTECâ€ is a wholly owned subsidiary of the Kuwait Investment Authority â€œKIAâ€. NTEC was established by a Ministerial Cabinet decision issued in 2002 to act as a leading corporate Venture Capitalist focused on financially attractive emerging technology investments to introduce them to the Middle East, thereby acting as a gateway for sustainable transfer of emerging technologies to Kuwait and the Region.
On an International basis, NTEC invests with renowned early & late stage Venture Capital Firms/Funds and Co-Invests in startups with technologies that are highly relevant to the region. From a regional perspective, NTEC also invests in early and late stage venture projects in a broad range of high tech industries that are demand driven and applicable to Kuwait and the Gulf region.