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Qtel eyes expansion
- Qatar: Saturday, December 08 - 2007 at 07:44
Qatar Telecom (Qtel) wants to make further acquisitions in the Arab region and Asia as it seeks to strengthen its fixed wireless and data businesses, reported Reuters. CEO Nasser Marafih said Qtel may sell shares in Qatar, depositary receipts in London, where it has a secondary listing, or it could organise a debt sale in order to support its expansion plans. Qtel's existing $5bn debt has been dragging down quarterly profits.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 08 - 2007 at 07:44 UAE local time (GMT+4)
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