Telematics Weekly

industry insight, news and interviews paid sponsor: Sancomm, Inc. Free Subscription September 6, 2010

Qatar Telecom invests for rapid expansion in Middle East

Government-​​controlled Qtel Tele­com has cap­i­talised on its lucra­tive monop­o­list posi­tion in Qatar to expand aggres­sively abroad, with acqui­si­tions includ­ing a 52.5 per cent hold­ing in Kuwait’s Wataniya Tele­com for $4.2bn and a major stake in PT Indosat, Indonesia’s second-​​largest tele­coms provider for $1.8bn last year. Qtel, which has set a goal to be one of the 20 largest tele­coms providers in the world by 2020, expects to announce the pric­ing of the ini­tial $1bn tranche on Mon­day, which will be par­tially used to set­tle a revolv­ing $600m credit facil­ity that falls due in Sep­tem­ber, a source close to the deal said.

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