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Qtel gains slightly on alleged Maroc Telecom bid plan
- Qatar: Sunday, December 09 - 2012 at 15:39
The Qatar Exchange 20 Index slipped 0.10% to 8,354.65 points. The country's largest telco operator Qatar Telecom gained 0.10% to reach QR103.40. Earlier in the day, Qtel said it has mandated Barclays, HSBC, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley and QNB Capital to act as ookrunners for a proposed US-dollar benchmark offering. "The offering will be guaranteed by Qtel and is expected to be launched, subject to market conditions, following investor roadshows commencing 9 December 2012 covering the US, Europe, Middle East and Asia." In addition, Qtel has mandated professional services of JP Morgan Chase & Co. for its bid plan for Vivendi SA's Maroc Telecom, according to media reports, a piece of news which the aforementioned parties declined to comment.
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Gérard Al-Fil, Financial JournalistSunday, December 09 - 2012 at 15:39 UAE local time (GMT+4)
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This article was updated on Mon Dec 10 2012.
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