Qatari incumbent QTel is discussing a potential partnership with the Qatar Investment Authority (QIA) to back its international expansion plans, according to local newspaper El Raya as cited by Telegeography.
QTel Chairman Sheikh Abdullah Bin Mohammed…
Qatari incumbent QTel is discussing a potential partnership with the Qatar Investment Authority (QIA) to back its international expansion plans, according to local newspaper El Raya as cited by Telegeography.
QTel Chairman Sheikh Abdullah Bin Mohammed Bin Saud Al Thani was quoted saying that under such a partnership agreement, QTel would become an “investment arm” of the QIA. He added that a join company would be able to invest and “seize appropriate opportunities” in overseas telecoms and IT.
According to Zawya citing The Peninsula, al Thani said that such a move would enable the Gulf state to diversify away from petrochemicals.
He noted QTel’s domestic projects, which include a fibre optic network delivering speeds of up to 100 megabytes, an upgraded broadband network and an m-banking system.
QTel is controlled by the Qatari state, which owns a 55% stake.
