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FINANCIAL NEWS
Vodafone Qatar takes legal action against regulator
27 May 2010
(MENAFN) Vodafone Qatar said that it will take legal action against the country?s telecom regulator ictQATAR, for allowing Virgin Mobile?s entry into the market without being licensed, The Peninsula reported.
Vodafone Qatar said it viewed this as a violation of its second public mobile telecommunications networks and services license conditions and the telecoms law in Qatar, which states that no further mobile service provider would enter the market, and be licensed, until the proposed sector review.
For this opportunity, Vodafone Qatar?s shareholders collectively paid $2.1 billion for the second mobile license in Qatar; of which $926 million was raised through an Initial Public Offering to Qatari individuals and institutions.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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