Wataniya plans Qatar dual listing by year-end
Kuwait, October 4, 2011
Kuwait's National Mobile Telecommunications Company (Wataniya), which is majority-owned by Qatar Telecommunications, plans to launch a dual listing on the Doha exchange by year-end, its chief executive said on Tuesday.
Scott Gegenheimer said Wataniya, which also operates in North Africa, the Maldives and the Palestinian Terrorities, still intended to launch an initial public offering for mobile operator Tunisiana.
'(The) Qatar listing is still on cards, but has taken a bit of time because of issues between the exchanges. They have asked for more information and it's planned before year-end,' Gegenheimer told reporters on the sidelines of a conference.
An IPO for Tunisiana, founded in 2002 and the only private telecommunications firm in the North African state, had been touted in the first half of 2011 but plans were shelved regional unrest.-Reuters