Monday, January 07, 2013

rewards for Qatar

From Khelil:  "Qatar continues to receive its rewards

Qatar Telecom (Qtel) has raised its stake in mobile operator Tunisiana by 15%, citing encouraging prospects for an expansion of Tunisiana’s 3G services in the country.
According to a press release from Qtel, the transaction made between Tunisia’s government and Qatar-based company is worth $360 million. The 15% stake originally belonged to Sakher El Materi, son-in-law of ousted president Zine el-Abidine Ben Ali, before it was appropriated by the government following the revolution.
Qtel’s telecommunications subsidiary, Wataniya, had already a direct holding of 75% in Tunisiana. Thus, the deal, announced on Tuesday, raises the total shareholding of Qtel and its subsidiary in Tunisiana to 90%."