Qatar Telecom News
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Vivendi SA shares fell in Paris after first-quarter profit missed analysts’ estimates as a wireless price war started by Iliad SA entered its second year.
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The tiny Persian Gulf nation of Qatar controls vast gas and oil deposits that feed billions of dollars annually into the state Treasury. Its petroleum riches make it the wealthiest nation per capita in the world, according to the International Monetary Fund.
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Vivendi SA, the French company seeking to reorganize its telecommunications-to-media structure, is targeting a completion of the sale of its Maroc Telecom SA stake by October, according to people familiar with the matter.
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Vivendi SA Chairman Jean-Rene Fourtou pledged a full strategy review to convince investors the telecommunications-to-media company can see through asset sales to refocus its business a year after first saying he’d do so.
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Vivendi SA, the French media and telecommunications group that has put its 53 percent stake in Maroc Telecom SA on the block, attracted bids from two Middle Eastern carriers by today’s deadline.
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Emirates Telecommunications Corp. set the terms of $8 billion of loans backing its bid for a 53 percent stake in Maroc Telecom SA being sold by Vivendi SA, according to two people with knowledge of the deal.
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KT Corp. dropped out of a bid for Maroc Telecom SA because of “big differences” in valuation, leaving two Middle Eastern carriers to vie for a $6 billion stake held by Vivendi SA.
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Qatar Telecom QSC, the Arab world’s second-biggest phone company by sales, is studying Maroc Telecom SA’s financials as it considers buying Vivendi SA’s 53 percent stake in the carrier, its chief executive officer said.
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Qatar Telecom QSC offered $2.2 billion for the remainder of Kuwait’s National Mobile Telecommunications Co. as the company steps up acquisitions amid competition at home.
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Qatar Telecom QSC offered to buy a stake valued at about $1.9 billion in Kuwait’s National Mobile Telecommunications Co. as it steps up acquisitions amid competition at home.
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