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HITS SUBSIDIARIES

HITS EUROPE

A fully owned subsidiary of HITS Telecom Holding K.S.C. and is considered as a holding company of the investments in Europe. HITS Telecom (Through HITS Europe) has a 63% stake in Spanish MVNO (Mobile Virtual Network Operator) HITS Spain S.A.

Website: www.hitsmobile.es

HITS Spain is operating on VodaFone’s network infrastructure. HITS Spain is headed by CEO Arturo Grau, previously CEO of Metrored PLC.