Qtel is on the acquisition offensive
Enterprise TelecomsQtel moves to buy out WataniyaQtel moves to buy out Wataniya
Middle Eastern operator Qatar Telecom (Qtel) said Thursday it has received approval from local regulator the Kuwait Capital Markets Authority to buy what amounts to a 47.5 per cent stake in Kuwait-based telco Wataniya for $2.2bn. The move would give Qtel, which already owns 52.5 per cent of the firm, complete ownership.