Qtel looks to invest in Iraqi, Algerian markets

06 February 2010

Nasser Marafih, CEO of Qatar's Qtel has said the company is looking to invest in the Iraqi and Algerian telecommunications markets because of their high business possibilities, the Peninsula has reported. Expansion plans for Africa have been dropped 'because there are many telecommunications companies there already,' he noted. Qtel has now a control of 14 communication companies in 17 countries, taking opportunities of low licensing prices. The company plans to concentrate more on mobile Internet services in the future.

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