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Article: Saudi Arabia: Viper Networks Announces 49 Percent LOI for Saudi Arabian Construction Company.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: datta03
Viper Networks, Inc., a global telecommunication network operations and technical management company, reportedly has signed a Letter of Intent to acquire a 49 percent interest of a privately held, profitable construction company based in Saudi Arabia, for a combination of cash and stock.
"As we continue to aggressively expand our telecommunications division, this acquisition not only provides the company with a sizable investment in existing real estate and construction projects throughout the Middle East, but also provides us immediate access to a well established team of proven professionals to help bring our non-teleco related ...