Friday, July 11, 2014

Qatar Telecom boosts stake in Kuwaiti telecom firm

February 17. 2013 8:23AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Qatar Telecom says it is paying $1.8 billion to substantially boost its stake in Kuwaiti telecommunications operator Wataniya.

The Qatari firm said Sunday it will own 92.1 percent of Wataniya, which is known officially as the National Mobile Telecommunications Company. It already holds a 52.5 percent stake.

Qatar Telecom, or Qtel, didn't say who sold the shares. Wataniya's ownership is split between individual shareholders and the government's Kuwait Investment Authority sovereign wealth fund.

Qtel is majority-owned by the Qatari government. It has more than 83 million customers in the Middle East, North Africa and Asia.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds