UAE’s largest telecom operator, Etisalat, has announced that it has acquired the UAE and KSA operations of cybersecurity vendor Help AG. The announcement was made on the Abu Dhabi Securities Exchange website, wherein the telecom giant said that the deal was subject to fulfilling certain conditions.
“Etisalat has signed an agreement to acquire 100 percent of Help AG’s businesses in the UAE and KSA. This acquisition is in line with Etisalat’s digital strategy as it will enhance and diversify the digital portfolio and accelerate the growth of Etisalat’s existing cyber securities activities,” said Serkan Okandan, the Chief Financial Officer of Etisalat Group.
According to the statement, the acquisition will help Etisalat to further expand across the region. The companies have, however, not disclosed the particulars of the deal.