Ooredoo, Qatar’s largest telecoms firm formerly known as Qatar Telecom, has signed a $1 billion four-year revolving credit facility, the company said in a statement on Wednesday.
The loan was provided by 14 banks and will be
Kuwait telecom operator Wataniya has appointed Abdulaziz Fakhroo as chief executive, parent company Ooredoo (Qatar Telecom) said in a statement on Thursday.
Fakhroo, who had been deputy CEO prior to his promotion, replaces Bassam Hannou
Qatar Telecom, now known as ooredoo, reported a 14.6 percent rise in fourth-quarter profit on Sunday as higher revenue in its home market, Indonesia and Iraq offset declining earnings from Kuwaiti unit Wataniya and Oman's N
Qatar Telecom (Qtel) will change its brand name to Ooredoo, the company said in a statement, bringing in the change across it operations in the Middle East, Africa and Asia over the next two years.
It said all operations in which
Wataniya, Kuwait's No 2 telecom operator and majority-owned by Qatar Telecom (Qtel), has registered a 79.1 per cent drop in its net profit for 2012 which fell to KD75.5 million ($267 million) from KD362.1 million a year ago.
Qatar Telecom (Qtel) will raise its 53.9 percent stake in subsidiary Asiacell as part of the Iraqi firm's $1.35 billion share sale, the largest ever stock listing on the Baghdad bourse, an exchange official said on Thursday.
Qatar Telecom (Qtel) will be boosting its mobile network coverage and performance in the country throughout 2013 starting with the commercial launch of 4G network as part of its long-term growth strategy.
Qtel, which provides a fu
Qatar Telecom (Qtel), the majority state-owned telecom operator, has agreed with the Tunisian government to buy a further 15 per cent stake in that country's operator Tunisiana for $360 million.
The purchase raises the Qatari