Qtel partners with Naeem Holding to strengthen consortium bid for Egypt's 3rd GSM License

Notes and media contacts

About Qtel
Qatar Telecom (Qtel) is the exclusive telecommunications provider in Qatar. Its principal activities include local and international fixed telephone, mobile, Internet, data and cable television services. Qtel also provides mobile telephone services in Oman via Nawras, a joint venture with TDC and Omani partners. Qtel is the prestige partner of, and official telecommunications provider to, the 15th Asian Games Doha 2006.

Qtel is a winner of the 2005 Gulf Excellence Award. The company is listed on the Doha Securities Market and on other stock exchanges in the GCC.

About Naeem Holding:

NAEEM Holding is an Egyptian Free - Zone company and one of the fastest growing investment
banking houses in the region.NAEEM Holding's breakthrough financial ideology is the pillar for
investment of the new millennium, encompassing brokerage, portfolio and fund management, private equity, and corporate finance operations in the Kingdom of Saudi Arabia (KSA), Egypt, and United Arab Emirates (UAE).

The company was established in 2005 with a Paid in capital of $400 Million under the law of investment guarantees and incentives, (law no.8 of year 1997) to consolidate the operations of existing companies in Egypt and the UAE under one entity.

NAEEM Holding is currently operated by a team of 300 highly qualified employees with diversified
experiences, fully devoted to bolstering the company's performance and reinforcing its business in the region. The company's branches are spread across the GCC and Egypt; giving it a competitive edge in the region and direct exposure to its markets.

About Singapore Technologies Telemedia
Singapore Technologies Telemedia (ST Telemedia) is a leading information-communications company with operations in over 30 countries across Asia-Pacific, the Americas and Europe. Its business is focused on two core areas: wireless telephony and global IP services. Through its group of companies, ST Telemedia offers a wide array of communications and information services, including fixed and mobile communications, global IP network and services, Internet data centres and network exchange services, satellite, and cable TV. ST Telemedia has established a track record of creating and managing successful telecommunications companies. Today, many of these companies are publicly listed in the major stock exchanges.

ST Telemedia's group of companies' include StarHub, a Singapore-based integrated information, communications and entertainment company; in Indosat, Indonesia's second largest mobile operator and a leading provider of international telecommunications services; in Equinix, a leading provider of network-neutral data centres and Internet exchange services; and in Global Crossing, a leading provider of telecommunications solutions over the world's first integrated global IP-based network. More information on the company, please visit www.sttelemedia.com

This press release has been issued by Qtel Public Relations Department. For further information please contact Waleed Al Sayed, Executive Director for Group Communications (Tel: 4400525)