03 Oct 2010
(MENAFN) A statement issued by Qatar Telecom (QTel) said that the telecom company is planning to purchase Zain Saudi Arabia in a deal that would clear a regulatory obstacle for Emirates Telecommunications� proposal for parent company Zain, Saudi Gazette reported.
Emirates Telecom, known as Etisalat, said that it bid for a 46 percent stake in Kuwait-based Zain, the Gulf Arab region�s third-largest telecoms firm, where the stake is worth under $12 billion.
A merger of Mobily and Zain seems doubtful since it would break merger rules in Saudi Arabia�s Telecom act.
QTel is one of the largest public companies in Qatar and used to be the exclusive telecommunications provider in Qatar. The company provides mobile telephone services in Oman via Nawras, a joint venture with TDC and Omani partners.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more