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Qtel increases Tunisiana stake by 15%
- Qatar: Thursday, January 03 - 2013 at 06:56
Qtel has said it has signed an agreement with the Tunisian government to acquire a further 15% share in Tunisiana for a total of $360m, the Peninsula has reported. Wataniya, a 92.1% subsidiary of Qtel, has a direct holding of 75% in Tunisiana. Following completion of the transaction, Qtel and its subsidiaries' total holding in Tunisiana will increase to 90%, the firm said. "We also look forward to continuing our partnership with the Tunisian authorities as Tunisiana enters into a new phase of its development with the continuing expansion of 3G services and the launch of fixed line services in 2013," said the chairman of Qtel Group, Sheikh Abdullah bin Mohamed bin Saud Al Thani.
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