We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 11 Jan 2007 10:09 AM

Font Size

- Aa +

Qtel buys share in firm

Qatar Telecom has acquired a stake in US managed service provider NavLink.

The operator said it had taken a 38.2% equity stake in NavLink to give it a greater global footprint.

Qtel said that the move would also help in its efforts to become a major player in the data space.

The purchase is one of a series of steps taken by Qtel as it seeks to increase its international investments in preparation for the end of its monopoly in Qatar and the introduction of competition on its domestic territory.

However, the operator’s consortium with Orascom and Malaysia’s Maxis Communications has dropped out of the bidding for India’s fourth largest mobile phone operator Hutchison Essar, according to a report by Indian newspaper The Economic Times.

Three bidders — Vodafone, Reliance Communications and the Essar Group — remain in the running for the Indian mobile operator.

Arabian Business: why we're going behind a paywall

For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.