Qatar Telecom shares add slightly on Tunisiana acquisition

22 November 2010

The QE Index ended one percent higher Monday at 8,273.07 points as Qatari shares gained across the board. Shares of Qatar Telecom (Qtel) added 0.05% to finish at QR182.50. Qatar Telecom announced today that it has signed, via Wataniya Telecom, a 52.5% subsidiary of Qtel, an agreement with a consortium led by Princesse Holding of Tunisia to jointly acquire from Orascom Telecom Holding their 50% shareholding in Orascom Telecom Tunisie. Wataniya has an existing 50% shareholding in Tunisiana.

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