KULACOM Jordan Announces Acquisition of Stream
KULACOM Jordan, a world-leading telecommunications network announced that it has acquired Stream, a Jordanian Internet service operator. With this acquisition, KULACOM will now provide home and business users with a wider range of high-speed and high-bandwidth Internet services at significantly reduced costs.
Private and corporate customers in Jordan have the option of selecting KULACOM's market-leading WiMAX service in addition to Stream's enhanced ADSL service. The benefits customers will enjoy with the ADSL service include unlimited Internet usage, safe internet options, a real IP address and speeds that range between 1Mbps and 8Mbps.
Mr. Hazim Alaeddin, KULACOM Jordan's CEO, stated, "In order to meet the exponential demand for faster broadband speeds, we have decided to acquire Stream, an already established ADSL company. Our acquisition of Stream strategically readies us for the rapidly expanding and changing telecommunications environment in Jordan, allowing us to provide a wider range of products with a larger geographical footprint. Currently we offer 1 and 8 Mbps, but this will be upgraded to 50 and 100Mbps and Local Loop Unbundling will be finalized."
The ADSL service caters to residential users, corporate customers and heavy Internet users that require a dedicated line for time-critical and bandwidth-hungry services. With all three packages, KULACOM offers an added-value service of a clean, safe and controlled Internet environment.
In addition to its WiMAX and ADSL solutions, KULACOM offers the latest next generation networking technologies that include Leased Lines, pre-paid Voice, Data Storage and Data Management services.