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UAE’s Axiom Telecom sells 35% stake to Mannai Corp

The UAE's Axiom Telecom has said it has sold a 35% stake to Qatar-based Mannai Corp for an undisclosed amount, Reuters has reported. The sale follows Axiom's aborted initial public offering (IPO) last year, when it planned to sell up to one-third of its shares to institutional investors. The Qatari firm, which is listed in Qatar but is not on the main index, is active in various sectors including technology, engineering and retail.