Merged entity will provide state of art infrastructure providing gateway for interconnection throughout the Middle East region. Infrastructure will draw global hyperscalers and cutting-edge AI innovators to Qatar from Europe and Asia
Qatar Investment Authority (QIA) strategic decision decision to merge its telecommunications assets was declared at the beginning of this month, or October 2024. Qatar National Broadband Network (QNBN) and Gulf Bridge International (GBI) will be merging into a single business unit under the scheme.
Due to their complementary businesses, QNBN and GBI will merge to form a leader in carrier-neutral digital and AI infrastructure.
Data traffic to and through Qatar will have access to a top-notch connectivity platform thanks to the combination of QNBN’s unmatched internal fibre network and GBI’s international submarine and terrestrial connections.
Merged entity will provide state of art infrastructure providing gateway for interconnection throughout the Middle East region. Infrastructure will draw global hyperscalers and cutting-edge AI innovators to Qatar from Europe and Asia.
The merged business will concentrate on seizing business in the global market for data traffic.
The firm wants to establish itself as a major player in this quickly developing industry by combining its resources and experience, fostering innovation, and broadening its worldwide footprint to satisfy the growing need for cross-border data communication.
Through the acceleration of human capital development in essential and speciality ICT fields and emerging digital sectors, the merger will fortify Qatar’s Information and Communication Technology ICT sector.
All market participants in Qatar’s telecommunications sector will benefit from increased investment and expansion prospects as a result.
Galactik Views